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Performance based pay

Do you agree or disagree with performance based pay?

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Many companies today are using performance based pay. I am an advocate of performance based pay because it ensures that hard working employees are rewarded for their efforts. There are many advantages and disadvantages of performance based below. Listed below are some of the advantages and disadvantages:

1. Performance based pay motivates employees to work hard for the company so that they can get a better pay
2. Performance based pay plays a major role in retaining ...

Solution Summary

This solution details the advantages and disadvantages of performance based pay.