Human Resource Management – Reward Management

Reward Management

HRM's basic aim is to enhance motivation, job engagement and commitment by injecting new policies and processes that ensure that people are valued and rewarded for what they do and achieve, and for the levels of skill and competence they acquire.

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Reward Management Defined

Reward management basically concerned with the formulation and implementation of strategies and policies that aim to reward people fairly in the workplace for their extra effort. It deals with the design, implementation and maintenance of reward processes and practices that are geared to the improvement of organizational, team and individual performance.

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