A journal article by Newman and Fisher entitled “Strategic Impact Merit Pay” was published in Compensation & Benefits Review in 1992. The authors devised an alternative approach to the pay for performance system called Strategic Impact Merit Pay (SIMP) in which employee behavior is considered in the calculation of compensation. The abstract is brief and concise, adequately presenting the argument of the paper. The objective of the article was not clearly stated although it criticizes traditional merit pay systems to provide rationale for the creation of SIMP. A number of advantages of a SIMP plan were listed such as requisition ...
Essays on SIMP
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