| The professional in a Human Resources exam and | | | | contingent pay. Given the evidence on both sides of |
| the senior professional in human resource exam will | | | | the debate, no blanket answer covers the advisability |
| assess the candidates experience and knowledge in | | | | of contingent pay. Given that its benefits are uncertain, |
| the field of HR. The questions presented on the exam | | | | most companies should consider relying more on non |
| will cover labor laws and regulations, employee | | | | financial motivators. However, if your company |
| compensation programs and employee risk | | | | decides to provide contingent pay, ensure that the |
| management. You may be able to use your | | | | standards are fair and equitable, and that the system |
| experience from working to answer some of the | | | | allows people to influence their rewards by behaving |
| questions, but a lot of the questions will be complex | | | | differently or by developing new skills. The reward |
| and take United States labor history into account. | | | | always should have a close relationship to |
| Employee reward management and motivation is an | | | | achievement. Many of the criticisms of individual |
| often tested subject of the PHR and SPHR | | | | contingent pay also apply to team pay. In fact, many |
| examinations. One of the goals of reward | | | | organizations have decided that the disadvantages of |
| management is motivation. Your company's reward | | | | team pay outweigh its merits. |
| system should include extrinsic and intrinsic rewards. | | | | Non financial Rewards One of the most important non |
| Extrinsic rewards help you recruit and keep | | | | financial rewards is the opportunity to learn. While a job |
| employees and may also help encourage additional | | | | itself may be an important learning experience, |
| effort. But in the long term, non financial rewards such | | | | organizations also offer separate specialized training |
| as autonomy, the inherent satisfaction of the work and | | | | programs that focus on skill development. Often, the |
| individual achievement, may be more important than | | | | availability of training is a major factor in an employee's |
| pay. Though it is not a financial reward, recognition can | | | | decision to stay with a job or to leave. Performance |
| be an important psychological award. Goals also | | | | management can enhance your relationships with your |
| motivate people. In fact, people clearly perform at a | | | | employees, especially if managers use feedback and |
| higher level when they are attempting to reach stretch | | | | performance reviews to clarify what they want. The |
| goals and when their managers provide feedback. | | | | most important issue in performance management is |
| Make your job evaluation schemes analytical, | | | | getting the backing of upper level executives and |
| appropriate, comprehensive, transparent and | | | | ensuring that managers conduct the right kind of |
| nondiscriminatory (that is, they should meet the | | | | reviews at the right time. |
| standard of equal pay for equal work). Job evaluation | | | | Ensuring that managers have the performance |
| is distinct from role evaluation. A job is a discrete group | | | | management skills they need to make a review |
| of tasks, but a role includes both the behaviors and the | | | | program succeed requires a fairly substantial |
| results expected from the behaviors. Role analysis is | | | | investment in training. A reward system involves much |
| complex and difficult, and may rely heavily on opinion | | | | more than simply paying what the market will bear. |
| and interpretation. Organizations establish pay | | | | Rewards have important psychological and |
| structures and grade structures to communicate | | | | motivational dimensions that are not always intuitively |
| information about opportunities and compensation | | | | obvious. Moreover, certain groups (such as directors |
| based on their analysis of jobs and roles. In addition to | | | | and officers, or even expatriates) need specialized |
| formal pay structures, many organizations also offer | | | | reward treatment. Reward system administration will |
| contingent pay, which makes it clear to employees | | | | often be the purview of the human resources staff, |
| what the organization really values and will pay to | | | | but actual decisions about who gets what rewards |
| attain. Many organizations consider contingent pay a | | | | belong increasingly, and rightly, to line managers. These |
| powerful motivator, but strong arguments exist against | | | | complexities suggest that reward management needs |
| it. | | | | to be an organization-wide initiative, and that human |
| Critics target the questionable motivational effect of | | | | resources staff members need to work closely with |
| contingent pay, the slippery definition of success and | | | | line managers to be sure that rewards align with the |
| the fact that individuals respond differently to | | | | organization's strategy and values. |