Tag Archives | Rewards

Employee Rewards

Everything you need to know about employee rewards. The reward system of an organization is a tool of recognizing talent. Reward system includes 'group incentive plan' which means giving bonuses to workers in a team. The group incentive schemes are designed to promote teamwork, encourage synergy, and making the team work effectively. The perfor­mance and output of the team as [...]

By |2019-08-24T07:45:00+05:30August 24, 2019|Employee Management|Comments Off on Employee Rewards
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Rewards: Classification, Characteristics and Criteria

Introduction: A compensation or rewarding system is devised after careful consideration of various fac­tors which affects both the organisation and employee. Rewarding of performance should be such that productivity gains continue. The system must be established according to the worth of a job. We must keep in mind that although we reward people for their work, we pay a job. [...]

By |2016-11-02T06:00:29+05:30November 2, 2016|Rewards|Comments Off on Rewards: Classification, Characteristics and Criteria
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