Performance Management vs Compensation Management

To foster employee development and improve organizational performance

Ensuring fairness and objectivity in performance evaluations

Performance management provides the basis for compensation decisions

<p>Salary structure and pay rates</p> Signup and view all the answers

<p>Compensation can influence employee motivation and performance in a significant way</p> Signup and view all the answers

<p>Performance appraisal outcomes can lead to compensation adjustments, while performance management outcomes do not influence compensation.</p> Signup and view all the answers

<p>Human Relations Movement</p> Signup and view all the answers

<p>Identifying and developing core skills (competencies) needed for effective job performance</p> Signup and view all the answers

<p>Agile Performance Management</p> Signup and view all the answers

<p>Utilizing technology and data analytics through dedicated software and online platforms</p> Signup and view all the answers