Welcome to the “Employee Retention: Pay for Performance Plans” video lesson meant to explore how PFP plans can help improve employee retention. This video lesson is the fifth of seven in the “Boosting Employee Retention” video course, which provides actionable advice on how to hold on to your organization’s high-performing employees. During this video lesson, viewers will learn the definition of pay for performance and review three types of PFP plans. In the end, learners should understand what a PFP plan must include to be truly effective in driving retention.