Reward Systems

Reward arrangings Introduction Reward Management (RM) has been defined as the distribution of monetary and non-monetary rewards to employees in an effort to align the interests of the employees, the disposal, and its shareholders (ONeil, 1998).

In addition ONeil (1998) also suggests that a RM strategy muckle serve the purpose of attracting prospective job applicants, retaining valuable employees, do employees, ensuring legal requirements relating to direct and indirect rewards are not violated, assisting the jointure in achieving human resource and business objectives, and ultimately assisting the ag reement in obtaining a competitive advantage. Various conflicts in the RM system can affect the benefits that can be obtained. It has been argued that performance electric charge systems only provide superficial motivations and have little format on underlying behaviours and attitudes. Although the RM system can have some(prenominal) limitations, there is strong argument for the benefits, ...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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