Performance-based pay drives a culture of success with educators in charter schools, creating excellence among educators.
Some companies that used heavy doses of performance-based pay to compensate their chief executives have also been involved in accounting scandals.
Chief Executive Pedro Pablo Cuevas has introduced performance-based pay to motivate employees, as well as new technology for the chain's data management systems.
There's a loophole in the law for performance-based pay (like options), but the law still stands as a stark statement about pay equity.
This is a mix of performance-based pay and extra pay for working in jobs that are hard to fill and for taking leadership roles.
Rather, he insists, they will transform the Japanese brokerage, though he declines to say whether he will bring in performance-based pay for everyone at Nomura.
Many firms now offer performance-based pay and other incentives, such as stock options, only to certain categories of worker, and keep the performance-related component small.
After all, directors represent shareholders, who naturally favor performance-based pay.
When Fujitsu, a Japanese computer giant, introduced a performance-based pay scheme during the 1990s, it proved so unpopular that the company had to scale it back.
Hitachi and Matsushita, another big consumer-electronics firm, are proposing to end automatic seniority-based pay increases after workers reach a certain age, and to shift to performance-based pay structures instead.
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She would undo most if not all of the "structural" reforms that have been put in place in recent years--mayoral control, performance-based pay, charter laws and other choice schemes, reliance on entrepreneurship and market incentives, federal efforts to incentivize and prod the system to change in constructive directions, testing- and results-based accountability and more.
This will manifest itself in companies devoting a lower proportion of pay in time-based equity, like restricted stock, and a higher proportion of pay in performance-based equity, like performance shares.
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The 21, 400 workers at its existing plants won't face pay cuts, but Toyota is exploring revising its pay system to make it more performance-based.
By next year, Kim will have put every employee on a pay-and-promotion system that is performance-based, trashing the traditional seniority-based system that Korea inherited from the colonizing Japanese.
There are certainly people who fall into different camps on certain issues, for example people who want to use pay for performance based on test scores, school-choice advocates, people who think reading should be taught by using phonics, people who think there should be no homework, and on and on and on.
Along with performance-related pay has come a greater emphasis on meritocratic rather than seniority-based promotion.
So first and foremost, let's ensure that, as the President has continually talked about, that pay for executives is based on their performance, not on wild risk-taking, the type of wild risk-taking that got us into a situation where taxpayers then had to become involved to stabilize the financial system.
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