Reward management is concerned with

the formulation and implementation of strategies and policies that aim to reward people fairly,
equitably and consistently in accordance with their value to the organization. [1]
Reward management consists of analysing and controlling
employee remuneration, compensation and all of the other benefits for the employees. Reward
management aims to create and efficiently operate a reward structure for an organisation. Reward
structure usually consists of pay policy and practices, salary and payroll administration, total reward,
minimum wage, executive pay and team reward.[1]

intrinsic motivation is the self-desire to seek out new things and new challenges, to analyze
one's capacity, to observe and to gain knowledge.[5] It is driven by an interest or enjoyment in the task
itself, and exists within the individual rather than relying on external pressures or a desire for reward.

Extrinsic motivation refers to the performance of an activity in order to attain a desired

outcome and it is the opposite of intrinsic motivation. [5] Extrinsic motivation comes from influences
outside of the individual. In extrinsic motivation, the harder question to answer is where do people
get the motivation to carry out and continue to push with persistence. Usually extrinsic motivation is
used to attain outcomes that a person wouldn't get from intrinsic motivation. [10] Common extrinsic
motivations are rewards (for example money or grades) for showing the desired behavior, and the
threat of punishment following misbehavior. Competition is an extrinsic motivator because it
encourages the performer to win and to beat others, not simply to enjoy the intrinsic rewards of the
activity. A cheering crowd and the desire to win a trophy are also extrinsic incentives.

What is fringe benefit tax?

Fringe benefit tax (FBT) is a tax on benefits that employees receive and enjoy as a result of their employment.
FBT replaces the PAYE tax that would be deducted from the employee if the employee was given the money
to purchase the benefit as part of salary or wages instead of the actual benefit

Human resource management:

Compensation in addition to direct wages or salaries, such
as company car, house allowance, medical insurance,
paid holidays, pension schemes, subsidized meals. Some
fringe benefits are regarded part of a taxable income.

Employee benefit package

Employers of choice provide a comprehensive employee benefits package to attract and
retain employees. In addition to a competitive salary, an employee benefits package is a
standard and expected - part of an employee total compensation package.
Smaller employers tend to offer fewer components in the employee benefits package
and sometimes, no benefits at all. But, the majority of large companies and virtually all
public sector government employers provide an extensive employee benefits package.
Small businesses that are growing and expanding need to plan a careful phase-in of
employee benefits so that as you grow, you continue to attract and retain the talent you
need for further growth and expansion. Employers can expand this employee benefits
package, as resources allow.