Merit pay is often referred as pay for performance and is the most widely-used method organizations use to determine employee pay increases. Merit pay rewards employees for their individual contributions and encourages peek performance. If you were tasked to develop the company’s merit pay program, what 5 important factors would you want your program to do to be successful and why? HINT: Pages 311-312 in the textbook.
NOTE: In your response, adhere strictly to the discussion topic’s requirement. Do not forget to read the guidelines for responding to discussion topics covered in the Student Center.