Developing A Reward Strategy T

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as shown in Exhibit1. These must be properly integrated to work. Doing What has worked in the past will only lead to complacency. This figure demonstrates how to develop a working "culture". A culture designed to work faster, communicates more efficiently and gives a focused joint effort as a goal. Exhibit 2 presents a model for developing an integrated Hr approach to creating both shareholder and employee value
Reward Systems:
Reward systems are a crucial part of this development. This aids in behavioral modification and creates drive and performance. Some negative aspects of rewards are that they are often too financially focused. They are lag indicators rather than lead indicators. They are not always associated with creating shareholder value. In most cases they do not promote long-term behavior for most of the work force.
A research done by Watson Wyatt shows that out of 1000 organizations surveyed. Only 27% of the employees had an understanding of the reward's program. Is ...

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