Reward for Performance and Contribution in Organizational Culture

Reward for performance and
contribution

Table of Content
 Introduction
 An evaluation of two of the principles of reward
 Importance of rewards
 Types of rewards motivation
 Organisational culture and performance management are important to the principles of
reward
 New policy initiatives and practices in relation to rewards
 Implementation of new policy initiatives

Table of Content
 Comparison of performance related pay and intrinsic rewards
 Benefits and drawbacks extrinsic and intrinsic rewards
 Effectiveness of performance review meetings
 Line managers can make reward judgements
 Conclusion
 References

Introduction
 Human resource are the crucial element for company on which all the
productivity and profitability depends. Every organisation seeks talented
and capable employees by giving them high pay, rewards and
appreciation at the workplace.
 The company set a sustainable image into market and took rise in
pandemic. The current objective is to improve profits by cutting the cost
through focusing more on employee retention.