What are the factors need to be considered while designing PCM? What are the different applications of PCM?

When designing a Performance and Compensation Management (PCM) system, several key factors need to be considered to ensure that the system is effective, equitable, and aligned with the organization’s overall goals. These factors can be viewed from various theoretical perspectives, particularly those focusing on motivation, equity, and performance, as well as organizational objectives.

### Key Factors to Consider in PCM Design

1. Alignment with Organizational Goals and Strategy: 
   A PCM system should be closely linked to the organization’s mission, vision, and strategic objectives. It must reflect the desired outcomes of the organization, such as growth, innovation, or customer satisfaction. For example, if an organization prioritizes innovation, its PCM system should reward creative problem-solving and risk-taking.

2. Job Analysis and Role Clarity: 
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