Performance pay model gaining importance in India: Experts
Performance pay as a concept is increasingly gaining importance in emerging markets like India and China, but linking compensation to unquantifiable corporate goals is where the model flounders, experts say. According to a Towers Watson Research, companies in India are not differentiating performance pay as compared to their Asian or Global Counterparts. Moreover, in terms of payouts, top performers get less than their regional and global counterparts, understandably as there are more people eligible for differentiated and higher rewards.
Read the Financial Express news report here.