Pay for performance can be defined as a financial reward system for employees where some or all of their monetary compen

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answerhappygod
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Pay for performance can be defined as a financial reward system for employees where some or all of their monetary compen

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Pay for performance can be defined as a financial reward systemfor employees where some or all of their monetary compensation isrelated to how their performance is assessed relative to statedcriteria, namely KPIs and Competency Behaviors. Performance-relatedpay can be used in a business context for how an individual, a teamor the entire company performs during a given time frame. DiscussFive (5) advantages of pay for performance. (Total: 6 Marks)
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COMPENSATION MANAGEMENT
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