Human Resource Management – The Aims of Reward Management
The aim of reward management is to develop and implement the reward policies, processes and practices required to support the achievement of the organization's business goals. The specific aims are to:
Create total reward and recognition processes that are based on beliefs about what the organization values & wants to achieve in long run. Reward people for the value they create and add to the organization. Align reward practices with both business goals and employee values.
Reward the right resources to convey the right message about what is important in terms of expected behaviors and outcomes on a whole.
Facilitate the attraction and retention of the skilled and competent people the organization needs, thus ‘winning the war for talent’ against the competitor.
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