What is performance pay?

According to the provisions of the labor law, the employer shall independently determine the wage distribution mode and wage level of the unit according to the production and operation characteristics and economic benefits of the unit. Performance pay refers to the comprehensive assessment of employees' work performance, work attitude and work skills. , the establishment of a scientific performance appraisal system based on employee performance wage growth rate. Salary is divided into three parts, performance salary is one of them, as well as basic salary and other wages. There are many ways to assess performance pay. Commonly used assessment methods include 360-degree performance appraisal, balanced scorecard (BSC), management by objectives (MBO), key performance indicators (KPI) and so on. The main characteristics of the performance-based pay system are: 65,438+0, which is beneficial to linking employee compensation with quantifiable performance and integrating the incentive mechanism into the relationship between enterprise goals and personal performance; 2. It is beneficial to pay the outstanding performance, improve the efficiency of enterprises and save the salary cost; 3. It is conducive to highlighting team spirit and corporate image, increasing incentives and employee cohesion; 4. Performance-based pay accounts for a high proportion of total pay, which enhances the effectiveness of corporate pay.

Legal basis: In case of any of the following circumstances in Article 44 of the Labor Law of People's Republic of China (PRC), the employer shall pay wages higher than the normal working hours of the workers according to the following standards: (1) If the workers are arranged to extend their working hours, they shall pay wages not less than 150% of the wages; (2) If workers are arranged to work on rest days but cannot be arranged for compensatory time off, they shall be paid a salary of not less than 200% of their wages; (3) If workers are arranged to work on legal holidays, they shall be paid no less than 300% of their wages.

Article 49 of the Labor Law of People's Republic of China (PRC) shall make comprehensive reference to the following factors when determining and adjusting the minimum wage standard: (1) the minimum living expenses of the workers themselves and the average dependent population; (2) the average social wage level; (3) labor productivity; (4) Employment status; (5) The difference of economic development level among regions.