Reward Management
Table of Contents
Reward Management 4 Objectives of Reward System 5 Alternative to Reward Management 6 Types of Rewards 6 Criteria of Reward Management 7 Relating Rewards to Performance 9 Job Satisfaction and Rewards 10 Rewards and HRM Cycle 10 Reward Management System in Coca Cola International 11 Reward Management System 11 Findings 12 Criteria of rewarding employees 13 How Coca Cola International Motivate Employees 14 Pay system of Coca Cola International 15 Types of Rewards of Coca Cola International 15 Employee of the Quarter Program 16 Analysis of survey 17 Recommendations 19 Reward System Management in Eco-Care and Aware 21 Introduction about the Organization 21 Reward System Followed by Eco-Care and Aware 21 Type of Reward System 22 Conclusion 27 References 29
Compensation and Benefitss
Compensation refers to wages, salaries or tips while benefit describes job extras provided by the employer. Meanwhile benefits might include health care packages, dental and life insurances, and paid time off.
Reward Management
What is reward management? When we talk about reward management bear in our mind it is about formulation and implementation of strategies and policies in which the purposes are to reward people fairly, equitably and consistently in accordance with their worth to the organization and to help the organization to achieve its strategic goals. It deals with the design, implementation and maintenance of reward systems (reward processes, practices and procedures) which aim to meet the needs of both the organization and its stakeholders.
Reward is special payments for special work. Reward refers to all forms of financial returns and tangible services and benefit employees receive as a part of an employment relationship. Fairness is important in reward allocation process and to retain good employees in the organization manager must be concerned about fairness and appropriately reward those who
Reward Management 4 Objectives of Reward System 5 Alternative to Reward Management 6 Types of Rewards 6 Criteria of Reward Management 7 Relating Rewards to Performance 9 Job Satisfaction and Rewards 10 Rewards and HRM Cycle 10 Reward Management System in Coca Cola International 11 Reward Management System 11 Findings 12 Criteria of rewarding employees 13 How Coca Cola International Motivate Employees 14 Pay system of Coca Cola International 15 Types of Rewards of Coca Cola International 15 Employee of the Quarter Program 16 Analysis of survey 17 Recommendations 19 Reward System Management in Eco-Care and Aware 21 Introduction about the Organization 21 Reward System Followed by Eco-Care and Aware 21 Type of Reward System 22 Conclusion 27 References 29
Compensation and Benefitss
Compensation refers to wages, salaries or tips while benefit describes job extras provided by the employer. Meanwhile benefits might include health care packages, dental and life insurances, and paid time off.
Reward Management
What is reward management? When we talk about reward management bear in our mind it is about formulation and implementation of strategies and policies in which the purposes are to reward people fairly, equitably and consistently in accordance with their worth to the organization and to help the organization to achieve its strategic goals. It deals with the design, implementation and maintenance of reward systems (reward processes, practices and procedures) which aim to meet the needs of both the organization and its stakeholders.
Reward is special payments for special work. Reward refers to all forms of financial returns and tangible services and benefit employees receive as a part of an employment relationship. Fairness is important in reward allocation process and to retain good employees in the organization manager must be concerned about fairness and appropriately reward those who
References: 1. Issues and Trends in Reward Management. Retrieved Jun 10, 2012, from http://peoplecyclotron.wordpress.com/articles/issues-and-trends-in-reward-management/ 2 3. Abhishek Kumar Sadhu. Reward System. Retrieved Jun 10, 2012 from http://www.management4all.org/2008/11/reward-system.html 4. Human Resource Management. (2010). Selangor. Institut Perkembangan Pendidikan. 5. Snell, Scott and Bohlander, George. Principles of Human Resource Management. (2010). 15th. Ed. Australia: SOUTH-WESTERN CENGAGE Learning. 8. Reward Management in Coca Cola. Retrieved Jun 10, 2012, from http://www.scribd.com/doc/8099278/CocaCola 10. Reward System. Retrieved Jun 10, 2012, from http://www.gov.mu/portal/site/prb?content_id=efce7dcd36b3a110VgnVCM1000000a04a8c0RCRD