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HR Staffing | Job Reward Analysis

Job rewards analysis is another type of job analysis technique that identifies the intrinsic and extrinsic rewards of a job. This process is often used to match candidates better with different jobs and to improve the recruitment process like a recruiter can make the job more appealing to the candidates. A job candidate motivated by money can be informed on the company’s pay for performance system and this indicate extrinsic reward because of the attached monetary value.

The other contrast is by motivating the candidate to develop his/her skills, by providing training, development and higher education programs available with the company and this form intrinsic rewards which does not have monetary value.

Companies understand the employee value proposition and strike a balance between intrinsic and extrinsic rewards an employee receives while working for a particular employer in return for the employee’s job performance. Employees are motivated and remain committed if they feel they are provided with appropriate reward for the amount of efforts they put in their job to achieve the company’s business strategy.

For a job reward analysis the expert must first determine exactly what attracts job candidates and why employees enjoy working. The policy has to be clear on how the company views reward and recognition and this makes an obvious choice for job applicants. It is equally important for a recruiter to thoroughly understand the intrinsic and extrinsic rewards of the job. Since rewards cost money for the organization, it is important to balance between what the company can afford and offer an attractive reward that motivates the employee further.

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