Description

The Introduction presents reward management as an important part of human resource management. The basic idea is that organizations need effective ways to reward, motivate, recognize, and retain employees while also supporting organizational performance.

The book covers areas such as reward systems, strategic reward, motivation, performance-related rewards, financial and non-financial rewards, employee benefits, and reward management practice.

Main points:

1. What is reward management?
   Reward management is the process of developing and managing the policies and practices used to reward employees for their contribution.
2. Why is reward important?
   An effective reward system can help an organization:
   • Attract talented employees
   • Motivate employees
   • Improve performance
   • Retain valuable employees