M7A2: Short Paper: Strengths and Challenges of Pay for Performance

In this short paper, you need to express your thoughts on pay for performance, based on your experiences and readings. A key concept is aligning the pay for performance plan with the organization’s goals to ensure a return on the investment in additional compensation. Please, write a short paper that addresses the following:
• Using an organization, you are familiar with, describe its mission and identify 2 or 3 of its mission-critical goals.
• Identify and discuss both strengths and challenges of pay for performance plans.
• Provide a pay for performance plan recommendation for the organization. Or, if you do not support a pay for performance plan for the organization, discuss why. Explain your rationale.

Please, write a paper between 810-830 words in length.