Pay-for-Performance

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