What is Performance-Related Pay – The pros and cons of PRP?

What is Performance-Related Pay

Performance-related pay, or pay for performance is another tool to be used for the motivation of individuals (employees). I used word individuals because it always related to the individual’s concerns and disregard the element of the team or working together for mutual benefits. Every new technique has been developed to update and make the system fair, easy, and creative. So, all these techniques possess pros and cons. Here I will share some of the pros and cons for performance-related pay which I know so far. The pros (advantages) of performance-related…

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