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Purpose of reward systemsCompensation Management
Prepared By
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Manu Melwin JoyAssistant Professor
Ilahia School of Management Studies
Kerala, India.Phone – 9744551114
Mail – [email protected]
Purpose of reward systems
• Svensson summarizes the
purpose of reward systems
in the following seven
points.– Stimulate to increase effectiveness.
– Stimulate to improve quality.
– Give increased responsibility and
influence over the individuals own work
situations.
Purpose of reward systems
• Svensson summarizes the
purpose of reward systems in
the following seven points.– Stimulate personnel movement
internally and externally.
– Stimulate competence development.
– Stimulate new work forms.
– Support flexible management and work
forms.
