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Congratulations!
You have completed ERI DLC Course 77: Pay-for-Performance
You should now be able to:
- Identify the pros and cons of a pay-for-performance system
- Define how valence plays a role in pay-for-performance
- Recognize common factors that make the performance-reward connection complex
- Specify how salary range, merit matrix and performance appraisal are used in a pay-for-performance system
- Identify the types of jobs that can be subject to performance appraisal
- Specify how to use the standard appraisal and employee comparison methods
- Differentiate between graphic rating scale, behaviorally anchored rating scale, behavioral observational scale, and behavioral discrimination scale
- Recognize the critical incident and 360-degree feedback methods
- Specify how and when best to use management by objectives
- Differentiate between rank-order rating, alternation ranking, paired-comparison ranking and stacked ranking
- Identify who in an organization can be raters and the kind of training they should receive
Looking to Benchmark Pay?
See our salary, cost-of-living, and executive compensation data in action.