There is a revived interest in performance related pay for teachers in the United States and around the world. Building on the previous seminal work, this paper presented an updated and comprehensive review of PRP by addressing such key issues in program development and implementation as the characteristics of districts that offered the programs and the characteristics of teachers that received the awards, the impacts of PRP on teaching practice, student achievement, and teacher retention. It also discussed the use of Student Learning Objectives to measure and improve teachers’ instructional practice and student learning in non-tested subject areas and grade levels.....