Unformatted text preview: 1 Quartile
Standards Or Below
89 % 2nd Quartile
67% 3rd Quartile
45% 4th Quartile
34% 67% 45% 34% 23% 45% 34% 23% 02% Advantages of merit matrix based on performance and position in range: Reduces the tendency to perpetuate tenurebased pay inequities
Likely to be deemed “fair” by the work force because over time, employees with similar performance in same salary grade will tend to be paid comparably Pay and Motivation
Pay and Motivation Evidence suggests that merit raises of 1015% motivate changes in behavior.
Typical merit raises range from 26%
Rewards are more motivating if: They are timely
They are public rather than secret
They are scarce rather than common Motivation Through Merit Motivation Through Merit Raises Develop employee confidence and trust in performance appraisal. Establish jobrelated performance criteria. Separate merit pa...
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- Fall '07
- Performance Rating, Standard, ESOP, incentive plans, piecework