Wednesday, February 26, 2014

Compensation - Salary Better Than Wages? - A study by Artur Victoria

A good plan must recognize the relative value of each individual contribution as demonstrated through sustained performance. It must first emphasize actual work accomplishment as measured by objective performance appraisal. This will insure full recognition of exceptional performance while avoiding an over payment for performance below established standards. Many companies treat exempt employees as equals in performance and give flat percentage increases across the board to all exempt employees except perhaps a rare few who have surpassed all standards. This practice drives good people out of the company because tangible recognition of accomplishment is lacking. And, because excellent, mediocre, and poor performance are rewarded alike, compensation Euros are wasted. leia todo o artigo