Significant benefits of a pay for performance system

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Reference no: EM131943233

Describe some of the most significant benefits of a Pay for Performance System.

Pay for Performance also has its list of challenges. Discuss the main areas of concern with the implementation of a Pay for Performance System. How can organizations address the negative aspects of this type of system?

How can the organization's manner of creating and carrying out an incentive plan improve the effectiveness of the plan?

Reference no: EM131943233

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