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Reward Systems
Reward Systems
PRESENTED BY
AmMAR
ANKUR
Reward Systems consist of
the following elements:
Financial Rewards – Compensation
1. Base Salary
2. Pay Incentives
3. Employee Benefits
Non-financial Rewards
HR Strategy
Business Strategy
Organization Culture
SHOULD ENCOURAGE
WORKERS TO:
JOIN AND REMAIN WITH THE ORGANIZATION
Attraction & Membership
Loyalty & Longevity
Tra in in g C u ltu re
Overtime
pay rules
in
contract Merit pay
reinforces
Rewards performance
culture
La b o r R e la tio n s
Pe rfo rm a n ce M a n a g e m e n t
Sign-on Bonus E m p lo ym e n t
Merit Pay
Conclusion
Thank you