This article discussing the pay-for-performance compensation model and the benefits and drawbacks of this strategy was originally published in May 2015. All relevant copy and statistics have been updated as of April 2021. In today’s competitive talent market, employers need to find ways to engage their employees and capitalize on competitive advantages to attract and retain A Players. One area that organizations can customize and personalize their strategies is in their compensation model for employees. Employees want to work for an organization that values the effort they put in, and employers want to find a strategy that attracts talent without breaking the bank. One compensation strategy that has been discussed in the HR space is the pay-for-performance model. Join us as we dive deeper into what this compensation strategy is and the impact of implementing it in your organization.