What is another word for performance-related pay?
Pronunciation: [pəfˈɔːmənsɹɪlˈe͡ɪtɪd pˈe͡ɪ] (IPA) 
Performance-related pay is a popular term in the corporate world, but it is not the only way to describe the practice. Some synonyms for performance-related pay include merit-based pay, pay-for-performance, incentive-based pay, and variable compensation. These terms all refer to the idea of compensating employees based on their level of performance or achievement. Other related terms that can be used include performance-based pay, results-based pay, and goal-based pay. Regardless of the specific term used, the concept remains the same: employees who perform well are rewarded with increased compensation. Choosing the right terminology to describe this compensation practice can help to effectively communicate its purpose and value to employees.
