Why Pay-For-Performance Merits Your Attention

Years ago, Reader's Digest held a poetry contest to find the shortest rhyming poem that inspired the greatest happiness among the most people. The winning entry? "Payday." Although "payday" probably still evokes the same idea today that it did then, many employees are beginning to see changes in how they're paid, particularly when it comes to annual step increases. In the past, many companies doled out set percentages across the board, meaning that employees got the same 3% or 5% yearly raise as the rest of their co-workers.