The role of key performance indicators in remuneration

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Updated 01 Nov 2023Print this page

Many organisations choose to implement a remuneration strategy that links performance to pay. This generates a culture whereby employees feel that they can be a part of the business success and in theory will generate higher effort to reach those rewards. Whilst it may appear that a pay for performance system can create a winning scenario for both parties, this is not always the case. The success of any pay for performance program is contingent upon the design and implementation of appropriate, measurable, and balanced metrics/Key Performance Indicators (KPIs).

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