Impact of contingent rewards on individual and team performance
5HR03 – Reward for performance and contribution
This CIPD Level 5 learning video, part of unit 5HR03 – Reward for performance and contribution, explores how contingent rewards impact individual, team and organisational performance. The video examines various types of contingent pay schemes, including performance-related pay, competency-related pay, contribution-related pay, skill-based pay, and service-related pay, analysing their effects across different performance levels. By addressing assessment criteria AC 2.2, the video provides CIPD students with a comprehensive understanding of reward mechanisms and their influence on behaviour and outcomes. You'll gain practical knowledge to evaluate how organisations can strategically implement contingent rewards to drive performance improvement.
Assessment Criteria 2.2
Explain how contingent rewards can impact individual, team and organisational performance.
Indicative Content
Types of contingent pay such as performance-related pay, competency- related pay, contribution-related pay, skill-based pay, service/tenure related pay. Impact on individual, team and organisational performance.
What You'll Learn
Video covering: Impact of contingent rewards on individual and team performance
About 5HR03 – Reward for performance and contribution
This unit focuses on how internal and external business factors influence reward strategies and policies, the financial drivers of the organisation and the impact of reward costs and rewarding performance
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