1

Great post

Submitted by El Cheapo on March 27, 2008 - 10:24.

My experience, while working for a health care provider for 3+ years, is that incentive plans based on specific metrics handcuffs both the manager and the employee. Since reviews were performed yearly and being that I worked in a faster moving IT department, reviewing the annual benchmarks were either found to be yesterday's news or projects that were swept under the rug due to business concerns. It did not keep pace with an ever changing business and technical environment.

I distinctly remember that one year I 'exceeded expectations' for 8 out of 8 total performance metrics or goals. The result? A 4% raise from my current salary. I laughed when I received the letter (from a manager I hadn't even heard of) because it seemed more like a COLA than a raise. Oh well.

Reply

Please keep the comments civil and on-topic. Abusive or inappropriate comments will be removed without warning. By posting here you agree to our terms of use.

The content of this field is kept private and will not be shown publicly.
If you leave a link (include the http:// part), your name will be linked to your homepage.

You may use some HTML for formatting: <strong>bold text</strong>, <em>italics</em>, and <a href="">for links</a>. Empty lines are automatically converted to paragraph breaks.

Or click the link above that says 'enable rich-text' to use the fancy editor.

Captcha
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
3 + 8 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

Have more to say? Join the discussions at Wise Bread's Finance and Frugality Forums.

Finance Blogs - Blog Top Sites