Results

Rewards

Reward management deals with processes, policies and strategies which are required to guarantee that the contribution of employees to the business is recognized. Objective of reward management is to reward employees fairly, equitably, and consistently in correlation to the value of these individuals to the organization. Reward systems exist to motivate employees to work towards achieving strategic goals which are set by entities as well as aligning the actions of employees to reflect the culture, aims and beliefs a business or organization wishes to uphold. Reward management is not only concerned with pay and employee benefits. It is equally concerned with non-financial rewards such as recognition, training, development, and increased job responsibility. Ultimately, Reward Management is a tool that uses various types of Employee Motivation to align the strategic and cultural goals of an employee, or group of employees, with the tactical targets set by a business or organization.