Human Resource Management – Contingent Rewards

Contingent Rewards

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The policy will need to determine whether or not the organization wants to pay for performance, competence, contribution or skill being imparted by the employees at the workplace and, if so, how much and under what circumstances. There may be a policy that bonuses should be paid for exceptional performance but that, to be significant. The policy may also indicate the approach to be used in relating pay to individual, team or organizational performance.

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Following are some of the topics in Human Resource Management â€“ Reward Management in which we provide help:

Reward Management
The Aims of Reward Management
Reward Management Processes and Activities
Inspiration and Values
Organizational values and behaviors
Reputation of the organization
Risk sharing
Recognition
Communication
Perception of the value of work

Challenge/interest
Physical environment
Job training (current position)
Safety/personal security
Work/life balance
Security of income
Social environment
Reward Policies
Level of rewards
External competitiveness versus internal equity

Use of job evaluation
Achieving equal pay
Total reward policy
Contingent rewards
The role of line managers
Transparency
Assimilation policies
Protection policies
Motivation and reward
Motivation and Financial Incentives and rewards