Discuss the below:
Pay for Performance Plans, Performance Appraisals, and Incentive Plans
1. Pay-for-Performance Approaches
Does your organization have a pay-for-performance system? If so, describe how it works. If your organization does not, discuss the type of plan they do have and whether or not you think they should have a pay-for-performance plan.
2. Rating Performance Effectively
Which performance appraisal formats does your organization use? Given what you learned in the reading for this week, how could it be improved? Of all of the approaches found in the course reading for the week, which would you recommend as the best for your organization to use?