The Business Execution Blog

The Business Execution Blog


January 13th, 2006

Pay for Performance a global phenomenon

A Towers Perrin report via Management Issues reports on the global spread of pay for performance. The success of the approach in North America and Europe has led to adoption in Asian and Latin American countries alongside regionally-based reward packages.

James Matthews a Towers Perrin principal noted:

“We are seeing annual bonuses, which used to be reserved for the
professional-level employee, being used more broadly in lower levels in
the organizations, represented in our study by the manufacturing
employee, said. For the
first time, in countries like Canada, France, Korea, Mexico and the
United Kingdom, year-end bonuses for this group are the norm and not
the exception.”

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This entry was posted on Friday, January 13th, 2006 at 1:11 pm and is filed under News & Technology, Talent & Performance Management. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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