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HUMAN RESOURCE MANAGEMENT PRACTICE - Fichier PDF

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47Contingent payThis chapter starts with a definition of contingent pay and details of its incidence. Itthen deals with individual contingent pay under the following headings:●●●●●●●●●●●●contingent pay as a motivator;arguments for and against contingent pay;alternatives to contingent pay;criteria for success;performance-related pay;competence-related pay;contribution-related pay;skill-based pay;service-related pay;choice of scheme;readiness for contribution pay;developing and implementing contingent pay.The chapter concludes with a description of team pay schemes and schemes that payfor organizational performance. Incentives for sales staff and manual workers arecovered in Chapter 42.

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