How is performance calculated?

Employee's actual monthly performance salary = employee's established performance salary amount × employee assessment coefficient.

Performance pay consists of basic salary, age salary, post salary and reward salary.

Performance pay system can improve work performance. If it can play a better role, employers must be sure that they can effectively evaluate job performance. The traditional performance-based salary system is usually individual performance, and the form of recognition for employee performance improvement is usually to increase the basic salary within the specified time every year.

The significance of expanding data performance pay lies in:

1. The wage system in which employees' wage income varies according to their performance is a floating salary that exists every year, but it is not a fixed salary that is permanently increased. Performance pay is not limited to assembly line workers, but can be used in any position in any company, including banks, accounting firms, law firms and so on.

2. Its purpose is to find and reward employees with good performance and encourage everyone to work harder in a better way.

3. Real performance pay is formalized, rather than giving some rewards on a whim.

Baidu Encyclopedia-Performance Pay