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What is Strategic Reward Systems in HR Management about?

This document discusses strategic reward systems and pay for performance. It covers different types of financial and non-financial rewards, and how reward systems should be consistent with other HR policies like performance management and culture. It also discusses several theories around pay and performance, including equity theory, agency theory, and tournament theory. It notes controversies with strictly tying pay to performance and provides suggestions for effective pay for performance plans.

Author

Siputs Sedut

Language

EN