From Longman Dictionary of Contemporary Englishperformance-related payperˌformance-related ˈpay noun [uncountable]
Examples from the Corpus
performance-related pay• This partly explains the interest of some managers in performance assessment and performance-related pay.• The case has not been proved that job evaluation and performance-related pay can be applied to nursing.• There is a generous stock-option scheme, and performance-related pay that can, in some cases, double basic salaries.• A new performance-related pay scheme was introduced.• There are several different kinds of performance-related pay.• They suffered 25 percent performance-related pay cuts, dropping to £996,000 and £740,700 respectively.• Private-school staff resist performance-related pay, so the lazy and incompetent can earn as much as inspirational enthusiasts.• Meanwhile the performance-related pay proposals are destructive and divisive.From Longman Business Dictionary 