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The findings from e-reward's research programme are published in a series of research reports, launched in June 2002 - a collection of case studies, surveys and toolkits on contemporary reward issues.
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What is happening in contingent pay today: part 2 - Commentary and Toolkit
This issue is published in two sections: commentary (29-pages; 10,000 words); toolkit (37-pages 13,600 words).
Commentary
We examine some of the key issues arising from our initial analysis as highlighted by the survey. These are:
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choice of approach
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reason for using pay for performance, competence or contribution (PCC pay)
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effectiveness and impact of PCC pay
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problems of using PCC pay
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deciding on PCC pay increases
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areas for development
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conditions for success.
But first, Michael Armstrong explains why, in spite of the negative views of many commentators, contingent pay continues to flourish.
Toolkit
Our supplement contains a practical toolkit describing what you need to do in order to develop and implement a contingent pay scheme. It offers a systematic and comprehensive approach for analysing, diagnosing and designing a scheme, highlighting all the key phases involved.
This toolkit includes:
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numerous checklists to determine your readiness for contingent pay
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some easy-to-digest lessons to help you analyse the conditions most favourable for introducing and operating contingent pay
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a seven-step process to help you develop and implement a contingent pay scheme.
For more details see our reviews, published in the 'News' section of e-reward.co.uk, 9 March and 21 April 2004 and the 'Features' section, 20 May 2004.
Issue - 20
Pages - 66
Type - Toolkit
Date - 01/03/2004
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