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Reward Management

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    Reward Management Reward management is concerned with the strategies, policies, and processes required to ensure that the value of people and the contribution they make to achieving an organizational goal is recognized and rewarded (Amstorng, 2012) . Literally, the term rewards can be defined as a particular monetary return, object, or event that an employee receives in exchange for his/her work or for having done something well (Franco-Santos, 2015) . Reward System The Total Reward System comprises the extrinsic and intrinsic reward mechanisms available to an employer to motivate, attract and retain employees. Different combinations of rewards will generate different employer-employee relationships (Franco-Santos, 2015) . ·          Reward Strategy Reward strategy sets out what the organization intends to do in the longer term to develop and implement reward policies, practices and processes which will further the achiev...

Employee Motivation

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Employee Motivation Motivation is the force that energizes, directs and sustains behavior. A motive is a reason for doing something and factors that influence people to behave in a certain way (Amstrong, 2012) . Motivation is a significant factor that urges people to give their best execution and help in arriving at big business objectives. Solid positive inspiration will empower the expanded yield of workers yet a negative inspiration will decrease their exhibition (Dr. Ankur & Jain Dr. Meenakshi Bindal, 2019). Motivation of employees in the workplace still remains one of the sensitive subjects that determine the level of input that employees will put into the organization to commit to good performance (Elizabeth Boye Kuranchie-Mensah & Kwesi Amponsah-Tawiah, 2016)   Types of Motivation A distinction is made between intrinsic and extrinsic motivation. Extrinsic motivation occurs when things are done to motivate people including incentives, increased pay, promotio...