EMPLOYEE REWARD SYSTEMS IN ORGANIZATIONS

Abstract

Employee rewarding is one of the activities
of human resource management concerning
the management of money, goods and services
that employees receive from their employer
in exchange for their work. Given that
a properly designed reward system is one of
the conditions for a stable business, successful
performance of work activities and the
achievement of set objectives in each organization,
the basic theme of this paper is the
employee reward system, with a special focus
on different elements of it. The purpose of this
paper is to describe the role and significance
of the observed system and to draw attention
to its role in employee’s motivation.
Based on the given analysis many conclusions
have been drawn. It has been proved
that a properly designed employee reward
system has many advantages for the organization,
which emphasizes its importance.