This document discusses performance measurement and compensation. It defines performance measurement as collecting, analyzing, and reporting information on an individual's, group's, organization's, or system's performance. There are three approaches to performance measurement: trait, behavior, and results. Executive evaluation is defined as planning and reviewing senior management performance to maintain goal alignment and determine future training needs. The document also discusses different types of compensation like direct/indirect pay, skill-based pay, broad-banding, team-based pay, variable compensation, and executive compensation.

1. Performance measurement
Is the process of collecting, analyzing
and/or reporting information regarding
the performance of an individual,
group, organization, system or
component.

2. APPROACHES TO MEASURE PERFORMANCR
 Trait Approach
Emphasizes individual traits of
employees
 Behavior Approach
Emphasizes how employees do the
job
 Results Approach
Emphasizes what employees produce

3. WHAT IS EXECUTIVE EVALUATION?
The process of planning and reviewing the performance
of senior management
A means of maintaining alignment between goal sets and
achievement reached
A means of determining the need for further future
professional development education and training

4. EFFECTIVNESS OF PERFORMANCE
MEASUREMENT
 The performance measurement system must be integrated with the
overall strategy of the business.
 There must be a system of regular feedback .
 The performance measurement system must be comprehensive.
 Measures need to be fair and achievable. The system and results
reporting need to be simple, clear and understandable,

5. COMPANSATION
Compensation is the remuneration received by employee
in return for his/her contribution to the organization.
For balancing work or employee relations providing
monetary and non monetary benefits to employee.

6. COMPANSATION
SYSTEM
INDIRECT DIRECT
Protection programs base pay
Medical insurance salary
Life insurance wage
Pension merit pay
Social security

8. SKILL BASED PAY
Remuneration system in which employees are paid wages
on the bases of number of job skills they have required.
e.g. knowledge ,skill ,competency.

9.  BROAD BANDING
Broad banding is a job grading structure many job grades to
determine what to pay particular positions and incumbents
within those positions.
Broad job classification defined as a strategy for salary
structures that consolidate a large number of pay grades into a
few "broad bands

10. Team based pay
Team-based pay, a compensation plan used by
some companies to reward individuals based on
the work they do in groups

11. Variable compensation
Variable pay is a non-fixed monetary (cash) reward that is
contingent on discretion, performance, or results achieved.
There are different types of variable pay plans, such as
bonus schemes, sales incentives (commission), overtime
pay, and more.

12. EXECUTIVE COMPANSATION
The financial payments and non
monetary benefits provided to high level
management in exchange for their work
on behalf of an organization.