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“Employers want to end the entitlement mentality of across-the-board increases and move to a pay-for-performance mentality,” says consultant Teri Morning, MBA, MS, SPHR, SPHR-CA. “Organizations are looking for less expensive, less permanent solutions, such as lump sum payments, bonuses, or just paying top performers,” she adds. Increasingly, employers are less averse to withholding merit increases […]
Across-the-board increases and the entitlement mentality are out, and the pay-for-performance mentality is in, says Consultant Teri Morning, MBA, MS, SPHR, SPHR-CA. Organizations are looking for less expensive, less permanent solutions, such as lump sum payments, bonuses, or just paying top performers, she adds. Increasingly, employers are less averse to withholding merit increases for poor […]
Increasingly, employers are less averse to withholding merit increases for poor performers so they can afford to grant meaningful increases to better performers, says Morning, who is president of Teri Morning Enterprises in Carmel, Indiana. Morning made her suggestions during a recent webinar sponsored by BLR®. What is Variable Performance Pay? Variable performance pay aligns […]