Reward Management Assignment Help

What is Reward Management In HRM?

Reward management refers to the process of formulating policies and procedures that aim to reward employees equitably, fairly, and consistently based on their contribution and value to the company. There are two kinds of incentives: tangible and intangible. Material goods such as money, gifts, vacations, vouchers, and so forth are physical rewards, whereas awards, medals, and prizes are intangible benefits.

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