Performance to Salary Ratio
The principle behind the ratio of performance to salary in a free enterprise system is that contribution should be equal to compensation. This is a major component of a good salary program.
The elements involved in this principle are:
- Evaluating the record of the individual,
- His experience and
- His accomplishments.
Reviewing his responsibilities in the present position, and checking the results and activities involved in getting the results.
The compensation table itself is documented in the Compensation Plan page .
btw, This assertion can only work in a free market system.
The only way to ensure excellence is to weave performance and salary ratio into the compensation management program.
———–
For more information on compensation, visit the following pages: