HRM 898 | Role of Compensation

Running head: ROLE OF COMPENSATION 0
Compensation and
Benefit

ROLE OF COMPENSATION 1
Table of Contents
Introduction................................................................................................................................2
Effective Compensation Strategy...............................................................................................3
Role of Reward System..............................................................................................................3
UAE Compensation Policies......................................................................................................4
Conclusion..................................................................................................................................5
References..................................................................................................................................6

ROLE OF COMPENSATION 2
Introduction
Compensation and reward are the crucial and global parts of the management procedure in
every enterprise. In order to achieve their objectives, missions and to maximising their return
on investment, an organisation provides compensation or rewards to their employees or
workers. The company uses the rewards to motivate their employees and increase their
productivity. The organisation should consider the requirement and need of its employees
before implementing a reward strategy. This report will discuss regarding the role of rewards
in modern organisation of the United Arab Emirates.