Question 4 Pay for performance can be defined as a financial reward system for employees where some or all of their mone

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Question 4 Pay for performance can be defined as a financial reward system for employees where some or all of their mone

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Question 4
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. DiscussTHREE (3) advantages of pay for performance.
(Total: 6 Marks)
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