Thus we find that the reward system is also influenced by factors such
as Organizational Life Cycle stage, Business cycle and EVA rather than
only performance, which needs to be taken into account while drafting
a reward policy in line with organizational and HR strategy to serve longterm goals of the firm. Hence linking reward to performance alone may
not be the best way forward for a firm.
-
Priyankar Pandit
Arnab Pramanick
IIM Shillong
9 • Designfreebies Magazine • www.designfreebies.org