Pay for performance is one of the most widely used and most debated practices in People and Reward. Linking compensation to performance through salary increases, bonuses, equity, or incentive plans can motivate employees, retain top talent, and align teams with company goals. But it can also bring challenges: subjective reviews, unhealthy competition, short-term thinking, and unnecessary stress.
In our upcoming Reward Community Office Hour, Matt McFarlane will join Ravio’s Chief People Officer, Vaso Parisinou, to explore the biggest challenges of pay for performance, sharing practical insights from his experience observing how countless businesses implement and manage these programmes.
The discussion will include:
- How to set up a pay for performance model from scratch
- Merit increases vs other levers – what actually works to meaningfully reward performance
- How to avoid bias in performance evaluations damaging your approach
- How to communicate your pay for performance approach to the team.
As always, there will also be plenty of opportunity to ask your own questions and share experiences with fellow Reward leaders who understand the complexities of balancing fairness, motivation, and market competitiveness in compensation strategy.
