Design and Implementation of Pay for Performance

Michael Gibbs

No 6322, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: A large, mature and robust economic literature on pay for performance now exists, which provides a useful framework for thinking about pay for performance systems. I use the lessons of the literature to discuss how to design and implement pay for performance in practice.

Keywords: incentives; pay for performance; performance measurement; subjective evaluation (search for similar items in EconPapers)
JEL-codes: J33 L81 M12 M52 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2012-01
New Economics Papers: this item is included in nep-hrm, nep-lab and nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Published - published in: C. R. Thomas and W. F. Shughart II (eds.), Oxford Handbook in Managerial Economics, Oxford University Press, 2013, 397-423

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