Pay-For-Performance
The concept reviews pay-for-performance and offers a guide on how the approach can be applied as a strategy within your organisation.
Technique Overview
Pay-For-Performance Definition
Pay-for-performance (or performance related pay; PRP) schemes are reward systems where some part (conceivably all) of an employee’s remuneration depends on an assessment of performance against predetermined criteria (Armstrong, 2002).
Pay-For-Performance Description *
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Business Evidence
Strengths, weaknesses and examples of Pay-For-Performance *
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Business Application
Implementation, success factors and measures of Pay-For-Performance *
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Professional Tools
Pay-For-Performance videos and downloads *
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Further Reading
Pay-For-Performance web and print resources *
Pay-For-Performance references (4 of up to 20) *
- Armstrong, M. (2010) Armstrong's Handbook of Reward Management Practice. Kogan Page, London.
- Armstrong, M. (2002) Rewarding Individual and Team Contributions and Organisational Performance in Employee Reward. CIPD, London.
- Armstrong, M. (1995) A Handbook of Personnel Management Practice. Kogan Page, London.
- Conyon, M., Peck, S. and Read, L. (2001) Performance Pay and Corporate Structure in UK Firms. European Management Journal, Vol. 19(1), pp. 73-82.
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