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 outline raft serve the purpose of attracting prospective job applicants, retaining valuable employees, egg on employees, ensuring legal requirements relating to direct and indirect rewards are not violated, assisting the confederation in achieving human resource and business objectives, and ultimately assisting t he giving medication 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 mission systems only provide superficial motivations and have little point on underlying behaviours and attitudes. Although the RM system can have any(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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