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 Four (4) approaches toperformance appraisal and propose the acceptable industry standardof the percentage between KPIs and Competency Behaviors in theperformance appraisal process. (Total: 8 Marks)