Result-Based performance appraisals
-Focus on the accomplishments of employees.
-Appraisal techniques
Multi-person comparisons
-compare one person's performance with that of one or more others.
360-degree appraisals
-when superiors, subordinates,peers,and even internal and external customers are involved in the appraisal of a jobholder's performance.
Compensation
-Base compensation
Salary or hourly wages
-Merit pay systems
-pay increases will be based on some assessment of how well you perform.
-Bonuses and profit sharing plans
bonus pay plans provide one-time or lump-sum payments to employees who meet specific performance targets or make some other extraordinary contribution, such as an idea for work improvement.
-profit sharing plans distribute to employees a proportion of net profits earned by the organization in a performance period.
-Gain-sharing plans allow groups of employees to share in any savings realized when their efforts result in measurable cost reductions or productivity increases.