Senior US executives reject performance pay

George BushIn the USA, The Bush administration has been introducing performance pay into its many government agencies. So, when it introduced a performance pay system for the senior executives, most of whom support both the government and the concept of performance pay, it was meant to be a beacon of success that would justify the introduction of performance pay elsewhere.

So, you can imagine the administration will be somewhat disappointed to hear the results of a survey in which large numbers of senior executives declared their 2-year-old pay-for-performance systems were ill-designed, poorly executed and ruining morale.

Finsec members may not be surprised to hear that the biggest problems with the Bush administration’s performance pay system were underfunding so that there was not enough money to go around, de facto quotas that limited how many top rankings could be given out regardless of actual performance, and a performance measurement system that could not measure people’s actual performance accurately.

(Thanks to Amatern for the photo)

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1 Response to “Senior US executives reject performance pay”



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