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Performance Pay Plans, Sailaja Potaraju
Performance Pay Plans, Sailaja Potaraju
The Corinthian
Organizations invest vast amounts of capital into devising and implementing compensation plans for their employees. The compensation scheme they choose can be used to subtly synchronize the employee's personal objectives with that of the organization. The focus of this paper will be on performance or incentive pay schemes, which are often used to increase efficiency and productivity in an organization.