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    188宝金博页面版: S10 Contingent pay-Armstrong's Handbook of Reward Management Practice

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    内容提示： 10. CONTINGENT PAY SCHEMESKey learning pointsThe basis of contingent payContingent pay is concerned with answering the two fundamental reward managementquestions:? What do we value?? What are we prepared to pay for?Schemes are based on measurements or assessments.Contingent pay as a motivator? Many people see contingent pay as the best way to motivate people.? But it is simplistic to assume that it is only the extrinsic motivators in the form ofpay that create long-term motivation.? The total reward concept emp...

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    10. CONTINGENT PAY SCHEMESKey learning pointsThe basis of contingent payContingent pay is concerned with answering the two fundamental reward managementquestions:? What do we value?? What are we prepared to pay for?Schemes are based on measurements or assessments.Contingent pay as a motivator? Many people see contingent pay as the best way to motivate people.? But it is simplistic to assume that it is only the extrinsic motivators in the form ofpay that create long-term motivation.? The total reward concept emphasizes the importance of non-financial rewards asan integral part of a complete package.Criteria for success? Individuals should have a clear line of sight between what they do and what theywill get for doing it.? Rewards are worth having.? Fair and consistent means are available for measuring or assessing performance,competence, contribution or skill.? People must be able to influence their performance.? The reward should follow as closely as possible the accomplishment thatgenerated it.Types of individual contingent payA summary of contingent pay schemes is given in the table at the end of this outline.Alternatives to individual contingent payService-related pay, spot rates, team pay, pay related to organizational performance.

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