What are the types of reward problems?

• Reward problems: rewards fail to produce desired behaviour.
• – Reward produces desired behaviour but undesirable consequen.
• poor post sales support behaviour.
• – Rewards fail to satisfy employee needs.
• base pay, performance pay and benefits (do th.
• behaviour).
• performance pay – flat pay (sense of financ.

What are the reward management strategies?

Armstrong (2006) views reward management strategy as the “formulation and implementation of strategies and policies, the purposes of which are to reward people fairly, equitably and consistently in accordance with their value to the organization and thus help the organization to achieve its strategic goals.

What do you need to know about reward management?

“The reward management literature emphasizes the need to shift from short-term, ad hoc approaches to pay management to a longer-term, strategic approach. Changes in pay and benefits systems have therefore been prescribed as key HRM objectives, pulled together in the US literature under the rubric of the “new pay”” (Lawler, 1995)

Is it possible to implement a total reward approach?

Developing and implementing a total reward approach may be difficult but the benefits are considerable.

Which is an example of a bad reward strategy?

For example, it is common for organisations to decide that they wish to introduce incentive pay, or individual performance related pay, or team bonuses without being clear about the kind of employee behaviour which will be demanded by the business strategy.

Why is it important to have a pay and reward strategy?

Often an organisation’s pay and reward structure has evolved without any overall goal, sometimes allowing bias and unequal pay issues to creep in. However, applying a strategy to your pay and reward can deliver real benefits for the organisation, the workforce and your business.