Performance related pay

Performance related pay,

Definition of Performance related pay:

  1. A financial reward system for employees where some or all of their monetary compensation is related to how their performance is assessed relative to stated criteria. Performance related pay can be used in a business context for how an individual, a team or the entire company performs during a given time frame.

Meaning of Performance related pay & Performance related pay Definition

Performance-related Pay,

What is The Definition of Performance-related Pay?

A simple definition of Performance-related Pay is: A system that applies to the workplace, where employees are paid according to their performance at work.

Literal Meanings of Performance-related Pay

Performance:

Sentences of Performance
  1. Don Giovanni made his debut in 1787.

Synonyms of Performance

implementation, production, showing, recital, concert, ■■■■■■■■■, conducting, entertainment, staging, carrying out, completion, achievement, act, dispatch, effectuation, accomplishment, house, show, effecting, presentation, conduct

Related:

Meanings of Related:
  1. Feeling or recognizing empathy for one another.

Synonyms of Related

link (with), of the same blood, correlated, delineate, respond to, homologous, corresponding, feel for, kin, connected, connect with, equivalent, catalogue, narrate, present, repeat, be in tune with, list, concomitant, get on (well) with, enumerate, correlate (with), bring together, outline, bracket (with), analogous, give an account of

Pay:

Meanings of Pay:
  1. Paying (someone) money owed for work done, goods received, or loans.

  2. Face misfortune through a process.

  3. (Attention, respect or admiration) Giving (to someone).

  4. The amount paid to someone for a permanent job.

  5. Seal the seam with wire or wire (wooden boat deck or seam) to prevent leakage.

Sentences of Pay
  1. They pay for your impatience.

  2. For open slots between plates a special bag should be paid for by hot melt.

Synonyms of Pay

stake, offer, reward, ante up for, afford, finance, honorarium, profit(s), get one's comeuppance, wage, fund, give payment to, allowance, revenue, sponsor, endow, tip, indemnify, bestow, proffer, gain, handout(s), donate/leave money for, payment