R
ewards are used to acknowledge employee
behaviour and performance in organizations and
include all forms of monetary and non-monetary
compensation, promotions and recognitions.
Reward systems are one of the most potent modes of control
and the criteria of getting rewarded reflect organizational structure, culture and values. There is a popular conception that
rewards should be always tied to performance parameters. These
are generally in the form of incentives or variable pay and follows
directly from defining and evaluating performance parameters
for employees. The Compensation Trends Survey of 2012 by
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