Tangible versus intangible rewards

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Continuing a theme on rewards that may fall out of the performance appraisal process, this blog entry by Derek Irvine on HR Zone picks up the value of tangible versus intangible rewards.

Some recent entries of mine on performance related bonuses and the principles behind performance related pay can be read alongside Derek’s blog post.

There is currently a plethora of discussions on forums and blogs around the merits or otherwise of performance related pay.  As ever, too strident a view is rarely correct.  Rather, any process implemented well against a set of able, well trained managers will work best.

In my forthcoming white paper on performance appraisals I will spend some time critiquing performance related pay and achieving best practice.


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