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"performance-based salary" is correct and usable in written English
You can use it when you want to talk about a salary system in which the amount of money paid to employees is based on their performance at work. For example: "At our company, we have a performance-based salary system, so employees get paid more for doing better work."
Exact(3)
The performance-based salary package that Torre rightly turned down was nothing more than a ploy so management could tell the team's millions of loyal fans, "We wanted Joe back — look at the lucrative deal we offered," knowing that Torre would reject it.
24 To stimulate the physicians' initiative, the performance-based salary system was required in primary health facilities that implemented the NEMP. 10 These performance-based salary systems gradually replaced previous revenue-based bonus systems.
The patient expenditure in the hospital is very high as the hospital implements the performance-based salary, which is related to the volumes of prescribed drugs and examinations.
Similar(57)
It would be run by professional managers, not necessarily from Japan, rewarded with performance-based salaries.
SMEs often pay lower basic salaries but use commission and performance-based pay to reward staff who contribute to business growth.
Grimstone met 11 major investors in the last 10 days to explain to them why the company had raised Skeoch's performance-based pay compared to his predecessor David Nish, while paying him a lower basic salary than Nish.
Among his gripes about the big American banks: higher salaries, skimpy deferrals, overly short deferral periods and low hurdles to receive performance-based pay.
The pay-for-performance model is blessed by tax laws that prevent companies from deducting as an expense any portion of an executive salary in excess of $1 million but place no limit on the deductibility of so-called performance-based pay.
Performance-based pay also divided the delegates.
Performance-based pay is still controversial.
Or consider performance-based pay.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com