Performance impacts pay can be defined as the overarching goal of the compensation strategy. This is to ensure an organi

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Performance impacts pay can be defined as the overarching goalof the compensation strategy. This is to ensure an organization hasallocated the necessary compensation package to motivate theperformance needed to achieve the business strategy, as such,compensation should also tie into the overall performancemanagement strategy. Explain THREE (3) approaches to performanceappraisal and propose acceptable industry standard of thepercentage between KPIs and Competency Behaviours in theperformance appraisal process.
(8 marks)