Definitions from the Web
Term: pay-for-performance
Definition:
Pay-for-performance refers to a compensation system or incentive program in which individuals are rewarded based on their performance and achievement of specific goals or targets.
Sample sentences:
- In pay-for-performance models, employees receive bonuses or raises based on their individual or team performance.
- Many companies have adopted pay-for-performance strategies to motivate their employees and drive productivity.
- Pay-for-performance can be a great way to align employee interests with organizational goals, as it encourages individuals to strive for excellence.
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