Depending on how well they performed financially, employees of a media organization receive financial incentives at the conclusion of the fiscal year. This is a strategy for tying pay to performance metrics.
<h3>What connection exists between compensation and performance evaluations?</h3>
Performance reviews are helpful in evaluating employee compensation packages. Depending on how well an individual performs, their compensation package may include bonuses, increased hourly rates, additional benefits, and allowances.
<h3>Should pay be contingent on performance?</h3>
One of the best ways to encourage your workers to produce their best work and the behavior you want to see in them is to link performance to reward. Sales-based occupations in particular are frequently compensated using performance-based strategies.
<h3>What benefits do performance-based compensation programs offer?</h3>
When pay for performance is in place, poor performers may leave the company more frequently, but over time turnover dramatically decreases as pay rises and employee engagement rises. After the approach has been fully adopted, we usually notice a 50% decrease in turnover or more.
Learn more about performance-based compensation: brainly.com/question/14287686
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