December 2024
Intermediate to advanced
360 pages
8h 23m
English
Content preview from Armstrong's Handbook of Strategic Human Resource Management, 8th Edition
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24 Reward
Reward management defined
Reward management is concerned with how organizations value the people who work for them and develop and operate the base pay management and recognition processes required to do this. People are rewarded both financially and non-financially. Financial (tangible) rewards are provided through the base pay for the job they do (job-based pay), to which additions can be made related to the level of their performance, contribution, skill or service in the job (person-based pay). They can also receive individual performance-related cash ...
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