(Answered) : What are some alternatives to individually – based pay – for – performance?

What are some alternatives to individually – based pay – for – performance?

Expert Answer

There are different alternatives that be used in place of the pay for performance method that is individualistic in nature. The first alternative is a broadband method where the different bands or salary slabs are created. Each salary slab or band has minimum and maximum base pay. For each particular profile such as manager, deputy manager and supervisors, different salary bands are applied.
The second alternative is the skill based payment system that also considers the knowledge level of the employees. It means that the

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