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Maintenance
The Strategic Design
Management
Reward Management is All About
Implementation
Communication
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Why Reward Management?
To helps and assists an organization
Improve & achieve pinpointed objectives
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5 Major Issues Faced by Organizations Regarding Reward Management The core aim Reward Management sets is to devise a far
Rewards are not usually understood by resources
Rewards not linked with company's business
Rewards not aligned with the job Rewards not linked with a resource's individual needs
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THE CORE AIM REWARD MANAGEMENT SETS IS TO DEVISE A FAR Sighted, holistic and logical structure based on which consistent rewards can be offered. Companies - irrespective of geographical boundaries - and verticals - are readily opting for newer methods to strategically channelize and integrate reward management practices A number of reasons collectively play a crucial role and act as
Reasons why reward management practices usu ally face challenges . Lebanon : +9611366490/1/2
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REWARDS ARE NOT USUALLY UNDERSTOOD BY RESOURCES A reward is usually given in a variety of ways; using sophisticated forms. However, the lack of articulated measures to inform the resources about the rewards and lack of understanding from the part of resources in understanding the reward often pose a major risk and work as a challenge in helping the Rewards Programs to shine.
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REWARDS NOT LINKED WITH COMPANY'S BUSINESS While Planning, And Designing A Reward System , it has often been noted that HRs work in isolation; and they might not necessarily convey the reward program of an employee with all stakeholder but with only selective few with whom they are comfortable . So, the lack of board alignment between employee demands and employer expectations often pose major challenge of the Reward Management System.
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REWARDS NOT ALIGNED WITH THE JOB Quite often; the reward is not matched with the job. An HR might be calculating the resources wrongly and aligning the reward with a different job. This actually creates confusions and the employee or the resource does not feel motivated.
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REWARDS NOT LINKED WITH A RESOURCE'S INDIVIDUAL NEEDS An employee expects a reward, which is aligned with his or her needs; and not necessarily always according to the speculation set by a company. The gap between expectation and reality and heavy over dependence of reward programming on data gathered from record is another reason employee rewards program often fail to achieve desired goal. These are some of the most common challenges of employee reward program. For more information visit the website Now! https://shiftsapp.com/ Lebanon : +9611366490/1/2
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Thank You Lebanon : +9611366490/1/2 www.shiftsapp.com
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