The overall objective is to reward people fairly, equitably
and consistently in accordance with their value to the organization in order to further the achievement of the organization’s strategic goals. The aims of reward management 1. Reward people according to the value they create; 2. Help to attract and retain the high-quality people the organization needs; 3. Motivate people and obtain their engagement and commitment; 4. Develop a high-performance culture. ACHIEVING THE AIMS. distributive and natural justice, function fairly, equitably, consistently and transparently, are aligned to the business strategy, fit the context and culture of the organization, 2. REWARD PHILOSOPHY. To clear and insure that, why we compensate an employee. Distributive justice. Distributive justice refers to how rewards are provided to people. FAIRNESS
There is an unrecognized standard of fair paymen
for any level of work. Equity Equity is achieved when people are rewarded appropriately in relation to others within the organization. Thank you so much.