For managing the performance pay in an effective manner, the performance objectives should be focussed on a particular outcome, be specific, attainable, measurable, related to time which is mostly at an individual level. According to Nimitt Thakkar, Assistant General Manager HR, CapitalVia Global Research Ltd, at the organization level, goals of cost control, rising efficiency, increasing productivity, project completion and customer service are prominent and for such goals, flexible pay and benefits become important. Organizations also try to motivate their employees, not only through monetary flexible components, but also make best use of the non-monetary flexible benefit programs. READ MORE