The Impacts of Performance-Based Compensation on Organizational Competitiveness
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(2) Literature Review
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In the past, scholars have undertaken research to determine the impacts of the performance-based compensation to the general competitiveness of an organization. Competitiveness is the ability of an organization to thrive in a given market by utilizing its internal and external advantages while keeping the liabilities at minimal. In an attempt to achieve this in the globalized market, organizations have invented subjective measures as well as international ideologies. The subjective measures include performance-based compensation, which dictates supports the theory of equity and fair remuneration for services delivered by the workers. The performance-based compensation improves the motivational levels and innovative skills of the worker as every extra process action is correspondingly recognized and appreciated. Therefore, the preceding research posits that the use of performance management based remuneration increased the competitive levels of an organization with minimal exceptions...
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