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13 Rewards and Remuneration

13 Rewards and Remuneration

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Published by: api-3728516 on Oct 18, 2008
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03/18/2014

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Rewards and
Rewards and
remuneration
remuneration
Rewards management
Rewards management

Process of developing and
implementing strategies, policies
and systems which help the
organisation to achieve its
objectives by obtaining and
keeping the people it needs and by
increasing their motivation and
commitment

- Armstrong & Murlis
Performance-rewards exchange
Performance-rewards exchange
\ue000Employment contract
\ue000Extrinsic rewards
\ue000Provided by the organisation and other people
\ue000Include recognition, promotion, pay, benefits
\ue000Psychological contract
\ue000Intrinsic rewards
\ue000Come from within
\ue000Feelings of accomplishment and self-worth
\ue000Include interesting work, growth, responsibility

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