The most crucial subjects of the PHR & SPHR examinations are employee reward management & motivation. The point should be marked here that motivation is one of the prime goals of reward management. For raising the level of motivation, companies offer two types of award systems; ‘extrinsic & intrinsic rewards’. Job evaluation and role evaluation are two distinct matters. Though, both have huge significance in determining appraisal scheme. Role analysis is bit difficult and complex than the job performance. It prominently depends upon opinion and interpretation. Job is a specific group of tasks on the other hand, role is more about behavior.
Company organizes grade structures and fixes pay structures on the basis of your job and role. So job evaluation schemes must be analytical, comprehensive, nondiscriminatory, appropriate and transparent. Rewards may be financial or non financial as well. For instance, company may provide you ‘autonomous right’ or promote your ranking instead of hike in salary. Even, lucrative contingent pay may be a powerful motivator. Here we needs specialized professional and sphr study guide strives to prepare a professional who could perfectly fit into the requirement.
Experts suggest that non-financial rewards are more special. Actually, it is an opportunity to learn. Undoubtedly, job itself is a great learning experience. But, organization also manages exclusive specialized training programs and ensures all-round skill development of each and every employee. It may be bit unusual to accept but availability of training also remains a prime factor in an employee’s decision.
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