Pressured to demonstrate that they’re responsible stewards of tax dollars, states have begun to experiment with variable pay for government employees. Indiana is pointing the way with a tiered system that scrapped one-size-fits-all, across-the-board pay raises and replaced it with one that offers the highest rewards to top performers.
Last year’sdictate the pay raises Indiana state employees will receive in 2012. Employees rated “outstanding”—about 5% of all state workers—will earn 6% raises. Those rated “exceeds expectations”—about one in 10 state employees—will see a 4% jump.
Most of the rest—around 75% of the workforce—will get 2% raises. Those who didn’t meet expectations won’t get a raise.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/29590/indiana-experiments-with-pay-for-performance "
- Lawmakers urged to reject new labor contracts
- Were Blackwater's employee relations murky as well?
- Employees can contribute $500 more to 401(k)s next year
- California Supreme Court rules on handling meal and rest periods
- What can we do? We accidentally overpaid an employee who was out on workers' comp leave