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Best Practice Database
Human Resources » Compensation, Rewards, Recognition and Benefits
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In today's environment of shrinking resources and increasing talent competition, companies across industries recognize the value of top performing employees. Pay for performance bonus programs are one tactic that compensation leaders across industries are using to drive organizational growth as well as retain top talent.
Best Practices, LLC conducted this cross-industry study to investigate how compensation groups at leading global companies are implementing pay for performance annual bonus programs. The research also presents metrics and insights around pay for performance program components, effectiveness measures, drivers, implementation challenges and best practices.
Compensation leaders can use this study to compare their organization's approach to annual pay for performance bonus plans with that of leading organizations.