What is the performance pay system and what are its characteristics?

The predecessor of performance-based wage system is piece-rate wage, but it is not a simple wage form linked to the number of products, but a wage system based on scientific wage standards and management procedures.

Characteristics of performance pay system:

1, which is conducive to linking employee compensation with quantifiable performance and integrating incentive mechanism into the relationship between enterprise goals and personal performance.

2. It is beneficial to tilt salary towards excellent performance, improve enterprise efficiency and save wage costs.

3. It is conducive to highlighting team spirit and corporate image, increasing incentives and employee cohesion.