Describe how different pay programs motivate different employees.
To answer this question, provide a brief background of the history of Pay for Performance. Discuss the different types of employee compensation. How does the organization measure the effectiveness of the plan? Discuss employees’ perspective – advantages and disadvantages of PFP. Then provide the employer’s perspective – advantages and disadvantages of PFP. Determine if PFP is a good strategy based on your research and summarize all points.