Performance-Related Pay

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Performance-Related Pay - (noun)


A system of financial reward related to how well employees are doing their job. Performance-related pay can be paid for individuals, a team, or the company as a whole.


Source: Adapted from Business Dictionary
Example of Use: The trade union disagreed with the government view on performance-related pay for teachers. They claimed that it would not increase teaching standards, but would impose more stress on their members.