In recent weeks, several tech companies took the unusual step of speaking very clearly and publicly about internal performance expectations. Intel laid out a plan for its workforce last week. In March, Jack Dorsey did the same at Block. Now, Google is joining in, using an evaluation model that rewards top performers more while staying budget-neutral.
Google announced it would reward top performers at higher rates, in a budget-neutral way. This means that for the top performers to get higher rewards, the lower performers will get paid less.
This pay-for-performance model is nothing new in the business world, but they do break it down in an interesting way. Here’s what you need to know—and perhaps apply to your business.
To keep reading, click here: How Google’s Tough New Performance Evaluations Could Help Your Company
