reward management

reward management
HR
the establishment, maintenance, and development of a system that rewards the work done by employees. Reward management involves offering not only base pay, but also an incentive plan and fringe benefits. Levels of reward may be based on different criteria. Some involve performance appraisal to determine whether an employee merits a certain reward, while others may be dependent on length of service, type of job, or team or company performance. The notion of a reward system is gradually replacing the traditional idea of a standard pay system, as it incorporates all aspects of employee compensation into one package.

The ultimate business dictionary. 2015.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Management — in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or… …   Wikipedia

  • reward — ▪ I. reward re‧ward 1 [rɪˈwɔːd ǁ ˈwɔːrd] noun 1. [countable] something that you receive because you have done something good or helpful: reward for • Officials were often posted abroad as a reward for loyal service. 2. [countable, uncountable]… …   Financial and business terms

  • Classroom management — is a term used by teachers to describe the process of ensuring that classroom lessons run smoothly despite disruptive behavior by students. The term also implies the prevention of disruptive behavior. It is possibly the most difficult aspect of… …   Wikipedia

  • Nuclear Knowledge Management — Contents 1 Definition of knowledge management 2 Noted knowledge management practices 2.1 Training and qualification 2.2 Communication methods and techniques …   Wikipedia

  • Governance, Risk Management, and Compliance — Governance, Risk, and Compliance or GRC is an increasingly recognized term that reflects a new way in which organizations can adopt an integrated approach to these three areas. However, this term is often positioned as a single business activity …   Wikipedia

  • Human resource management — Human Resources Manager redirects here. For the 2010 Israeli film, see The Human Resources Manager. Human Resource Management (HRM, HR) is the management of an organization s employees.[1] While human resource management is sometimes referred to… …   Wikipedia

  • Investment management — is the professional management of various securities (shares, bonds etc.) and assets (e.g., real estate), to meet specified investment goals for the benefit of the investors. Investors may be institutions (insurance companies, pension funds,… …   Wikipedia

  • Behavior management — is similar to behavior modification. It is a less intensive version of behavior modification. In behavior modification the focus is on changing behavior, while in behavior management the focus is on maintaining order. Behavior management skills… …   Wikipedia

  • Design management — is the business side of design. Design managers need to speak the language of the business and the language of design …   Wikipedia

  • Supply chain management — (SCM) is the process of planning, implementing and controlling the operations of the supply chain as efficiently as possible. Supply Chain Management spans all movement and storage of raw materials, work in process inventory, and finished goods… …   Wikipedia

  • Yield management — Yield management, also known as revenue management, is the process of understanding, anticipating and influencing consumer behavior in order to maximize revenue or profits from a fixed, perishable resource (such as airline seats or hotel room… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”