Measuring Employee Performance - by Ravi Patel

 

A fundamental aspect of using Pay for Performance is measuring performance. How do you measure the performance of your employees? Do you have objective and SMART metrics? In the event you use some type of metrics to measure performance, you need to evaluate if they are appropriate for Pay for Performance. If not, you might need to refine them.

 

If you do not utilize objective measures to gauge employee performance, your evaluation of an employee's performance  is not comprehensive. Entrepreneurs might want to re-think the performance measurement and evaluation process in their company before thinking about Pay for Performance.

 

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