PERFORMANCE APPRAISAL AND COMPENSATION

Upon completing this chapter, the reader should be able to:
x Identify and discuss several different approaches to compensation in current use in business, and analyze the fairness of each approach
x Discuss the merits and di“culties of performance-based compensation
x Discuss the importance of truth-telling in the performance appraisal process
x Identify and analyze the ethical duties of managers in performance appraisal nand compensation
x Apply all three major approaches to ethics to the topic of executive compensation.