Performance-Related Pay System: A Design Methodology
Patrizia Garengo 1, Roberto Panizzolo 1
Citation : Patrizia Garengo, Roberto Panizzolo, Performance-Related Pay System: A Design Methodology International Journal of Managerial Studies and Research 2014 , 2(1) : 36-47
This paper identifies a new methodology to design a strategy-based performance-related pay (PRP) system. The proposed methodology is the result of an action research intervention in a leading manufacturing company. Its main value is the capability to encourage the pursuit of company strategy also at the lowest levels of the organisation. The methodology is correlated with a group of tools supporting the operationalization of each phase