Describe the strategic importance of performance-based pay

1-Describe the strategic importance of performance-based pay

2- From the employee perspective, what are the major advantages and disadvantages of these different forms of performance-based pay: recognition, merit, incentives, earnings at risk.

3- From the employer perspective, what are the major advantages and disadvantages of these different forms of performance-based pay: recognition, merit, incentives, earnings at risk.

4 – Describe the challenges associated with using team incentives.

5 – Is performance-based pay more likely to cause employees to behave unethically compared to paying a straight salary, wage, commission? Why or why not?