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Managing people, human capital and culture - Human Resource Management (HRM) is critical for business success. HRM Guide publishes articles and news releases about HR surveys, employment law, human resource research, HR books and careers that bridge the gap between theory and practice.

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PHR/SPHR

PHR/SPHR: Professional in Human Resources Certification Study Guide

by Sandra M Reed and Anne M. Bogardus
Must-have preparation for those looking to take the PHR or SPHR certification exams in order to strengthen their resume.
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PHR Study Guide 2017

PHR Study Guide 2017: PHR Certification Test Prep and Practice Questions for the Professional in Human Resources Exam

Think all PHRŪ/SPHRŪ study guides are the same? Think again! With easy to understand lessons and practice test questions designed to maximize your score, you'll be ready.
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The Future of Human Resource Management

The Future of Human Resource Management: 64 Thought Leaders Explore the Critical HR Issues of Today and Tomorrow

Edited by Mike Losey, Dave Ulrich, Sue Meisinger
  Like its bestselling predecessor before it, this offers the very best thinking on the future of HR from the most respected leaders in the field.
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Linking Pay and Performance

November 19, 2010 - Employee incentives such as variable pay, performance bonuses, and annual incentives are offered by four out of five Canadian organizations surveyed by The Conference Board of Canada. They are intended to motivate employees to achieve performance goals but it seems that most organizations do not measure their effectiveness.

The Conference Board of Canada surveyed medium-sized and large Canadian organization between January and May 2010. The report, Making Short-Term Incentives Work for Your Organization summarizes responses from 130 organizations offering at least one short-term incentive plan.

Karla Thorpe, Associate Director, Compensation and Industrial Relations, said:

"With so many organizations rewarding employees with incentive pay, organizations need to do a better job of finding a link between pay plans and business results, to ensure they are getting value out of their incentive programs," said

The recently released Compensation Planning Outlook 2011 indicates that, on average, organizations are expecting to spend 11.6 per cent of their total base pay spending on short-term incentives - compared with a nearly identical 11.5 per cent in 2010.

With over 80 per cent of organizations surveyed offering an incentive pay program for some or all of their employees, 69 per cent said they were unable to assess cost effectiveness of incentive plans against the level of performance achieved by the organization, team, or individual.

Nevertheless, responding organizations still believe their incentive plans were somewhat effective in achieving intended objectives, such as:

  • driving organizational or individual performance, or
  • linking individual and corporate results

The Compensation Planning Outlook 2011 survey showed that:

  • 54 per cent of organizations believed that their short-term incentive pay plans were effective or very effective
  • 42 per cent were ambivalent about the effectiveness of their incentive programs
  • 4 per cent indicated that their plans were ineffective or very ineffective

Corporate results are most commonly used to determine cost-effectiveness (97 per cent) among the organizations that did measure the success of their incentive plans.

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