Lecture Personnel economics in practice - Chapter 10: Rewarding performance
Lecture Personnel economics in practice - Chapter 10: Rewarding performance
After completing this chapter, you will be able to address the following questions: What does economics say about paying for performance? How do real world incentive plans differ from the economic ideal? What sort of results could one expect from a properly designed incentive scheme? Which settings are most appropriate for such schemes? What are the potential pitfalls to avoid in implementing a pay-for-performance system?...