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Definition: Reward Management is the secondary business process concerned with the formulation and implementation of strategies, policies and processes that aim to ensure that the contributions of people in the organization are recognized fairly, equitably and consistently in accordance with their value to the organization, in order to improve the organizational, team and individual performance. |
Learn more about Reward Management More on compensation and benefits: Broadbanding, Competency-based Pay, Employee Benefits, Executive Compensation, Golden Handcuff, more... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject.
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