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Components of pay for performance

24 February, 2015 - 17:30

According to Dr Cynthia Fukami, a professor from the University of Denver, these are the main components of pay for performance (Fukami, Reward Systems, 2007):

  1. The company pays the employee beyond his or her job value.
  2. Many forms for improving the pay system are available.
  3. The company can divide up the pay into 3 levels that are individual, team, and company-wide.