Why do companies adopt person focused pay programs, and what are the four models of this method of pay?© BrainMass Inc. brainmass.com September 19, 2018, 11:30 pm ad1c9bdddf - https://brainmass.com/business/compensation-strategies/person-focused-pay-programs-591142
Companies adopt person focused pay programs as a way to reward employees for acquiring job related competencies, knowledge and skills. It is a way to acknowledge employees who develop characteristics that enable them to perform jobs more effectively. It is also a way for organizations to ...
This solution defines person-focused pay programs and discusses the four different types.