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Compensation:
Pay for Performance
Tangy Smith
MGT 431
John Koehler
February 7, 2004
Abstract
This paper will discuss the use of Pay for Performance incentives used in the United States Postal Service (USPS). Research has shown that Pay for Performance is gaining in popularity and effectiveness. We will see how effective Pay for Performance has been for the USPS.
Compensation: Pay for Performance
Recent research conducted on the trends in incentive pay and raises reveals the top five incentive plans (Anonymous, 2001). Among these plans, Pay for Performance strategies were prominent. The USPS recently switched their annual bonus programs to Pay for Performance programs. ...
Pay for Performance is exactly what the title indicates. The amount of your raise or bonus is based solely on the performance of your job. ... When an employee knows that their pay will be affected by the job performance, don’t you think the employee will have an incentive to work harder?
Approximate Word count = 770
Approximate Pages = 3.1
(250 words per page double spaced)
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