Archive for the Employee Reward Management Category
Reward Aims and Characteristics
Reward Aims Employer's point of view Organizations pay employees for their potential, their input-in the form of competencies, their output like meeting targets & to maintain both internal as well as external relativities like market competitiveness. Employees' point of view Apart
Reward Management-Simply put
Rewards are of two types- Financial eg. a pay increase Non-Financial eg. praise from a manager Terms such as 'Reward' , 'Remuneration' and 'Compensation' are often interchangeably used to denote financial reward. 'Total Reward' refers to financial + non financial reward. Reward Manage
Why Reward Management
Human Resource Management recognizes that inorder to attain a reasonable return from human capital, it is necessary to reward people appropriately to elicit performance, effort & develop motivation. So, as part of an employer's financial strategy there needs to be a design, implementation and m
