SlideShare uma empresa Scribd logo
1 de 7
BENEFIT AND REWARDS

                     Group Member
              Abdul Rahim Wahid
                   Rosdin Omang
         Syahrul Nizam Nongkang
         Mohd Hafizul Mohd Nazri
           Mohd Andy Sabarudin
DEFINITION
• Employee Reward covers how people are
  rewarded in accordance with their value to an
  organisation.

• It is about both financial and non-financial
  rewards and embraces the strategies, policies,
  structures and processes used to develop and
  maintain reward systems.
• The ways in which people are valued can make
  a considerable impact on the effectiveness of
  the organisation and is at the heart of the
  employment relationship.

• The aim of employee reward policies and
  practices is to help attract, retain and
  motivate high-quality people.
• Getting it wrong can have a significant
  negative effect on the motivation,
  commitment and morale of employees.

• Personnel and development professionals will
  be involved frequently in reward issues,
  whether they are generalists or specialise in
  people resourcing, learning and development
  or employee relations.
• Personnel and development practitioners are
  expected to play their part alongside line
  managers in maximising the contribution of
  people to the achievement of corporate
  purposes.

• They must understand the business context and
  the importance of adopting a strategic viewpoint
  when meeting business needs in partnership with
  their colleagues.
This Standard defines how thinking performers can
meet these requirements in the field of employee
reward. It is relevant for:
• • any personnel/human resources practitioner at
  a relatively early stage in their career, responsible
  for a range of basic personnel operations and
  wanting to develop deeper and broader
  knowledge and skills and make a professional
  contribution to the employee reward process
• • externally-based consultants providing advice
  and services in many organisational types, sectors
  and settings.
Chapter six   benefit and rewards

Mais conteúdo relacionado

Mais procurados

Reward system of private organization
Reward system of private organizationReward system of private organization
Reward system of private organization
Raja Farhan Saeed
 
The role organizational rewards on employees motivation
The role organizational rewards on employees motivationThe role organizational rewards on employees motivation
The role organizational rewards on employees motivation
Awais Sargana
 
Rewards, Benefits and Incentives of an Organization
Rewards, Benefits and Incentives of an OrganizationRewards, Benefits and Incentives of an Organization
Rewards, Benefits and Incentives of an Organization
Masum Hussain
 
A Study on Incentives, Rewards and Benefits in an Organization
A Study on Incentives, Rewards and Benefits in an OrganizationA Study on Incentives, Rewards and Benefits in an Organization
A Study on Incentives, Rewards and Benefits in an Organization
Masum Hussain
 

Mais procurados (20)

Reward system of private organization
Reward system of private organizationReward system of private organization
Reward system of private organization
 
Reward management
Reward managementReward management
Reward management
 
The role organizational rewards on employees motivation
The role organizational rewards on employees motivationThe role organizational rewards on employees motivation
The role organizational rewards on employees motivation
 
Reward Management
Reward ManagementReward Management
Reward Management
 
Rewards & recognition
Rewards & recognitionRewards & recognition
Rewards & recognition
 
Rewards, Benefits and Incentives of an Organization
Rewards, Benefits and Incentives of an OrganizationRewards, Benefits and Incentives of an Organization
Rewards, Benefits and Incentives of an Organization
 
Rewards Management
Rewards ManagementRewards Management
Rewards Management
 
Elements of-an-effective-reward-system
Elements of-an-effective-reward-systemElements of-an-effective-reward-system
Elements of-an-effective-reward-system
 
Presentation on Total Reward Management Model
Presentation on Total Reward Management ModelPresentation on Total Reward Management Model
Presentation on Total Reward Management Model
 
Rmppt
RmpptRmppt
Rmppt
 
A stuA study of non-monetary rewards as a motivation tooldy of monetary rewar...
A stuA study of non-monetary rewards as a motivation tooldy of monetary rewar...A stuA study of non-monetary rewards as a motivation tooldy of monetary rewar...
A stuA study of non-monetary rewards as a motivation tooldy of monetary rewar...
 
A Study on Incentives, Rewards and Benefits in an Organization
A Study on Incentives, Rewards and Benefits in an OrganizationA Study on Incentives, Rewards and Benefits in an Organization
A Study on Incentives, Rewards and Benefits in an Organization
 
Reward Management
Reward ManagementReward Management
Reward Management
 
EMPLOYEE REWARDS AND RELATIONS
EMPLOYEE REWARDS AND RELATIONSEMPLOYEE REWARDS AND RELATIONS
EMPLOYEE REWARDS AND RELATIONS
 
Reward system
Reward systemReward system
Reward system
 
Effects of Incentives on Employees Productivity
Effects of Incentives on Employees ProductivityEffects of Incentives on Employees Productivity
Effects of Incentives on Employees Productivity
 
Impact of non financial rewards on motivation
Impact of non financial rewards on motivationImpact of non financial rewards on motivation
Impact of non financial rewards on motivation
 
reward-systems
reward-systemsreward-systems
reward-systems
 
Reward management ( part 2 )
Reward management ( part 2 )Reward management ( part 2 )
Reward management ( part 2 )
 
organizational reward system
organizational reward systemorganizational reward system
organizational reward system
 

Destaque (6)

Rewarding individual performance (chapter 6)
Rewarding individual performance (chapter 6)Rewarding individual performance (chapter 6)
Rewarding individual performance (chapter 6)
 
Benefits, nonfinancial rewards, and other compensation
Benefits, nonfinancial rewards, and other compensationBenefits, nonfinancial rewards, and other compensation
Benefits, nonfinancial rewards, and other compensation
 
Recuitment, Selection, Induction
Recuitment, Selection, InductionRecuitment, Selection, Induction
Recuitment, Selection, Induction
 
Chapter 6 HRM,
Chapter 6 HRM, Chapter 6 HRM,
Chapter 6 HRM,
 
Compensation & benefits
Compensation & benefitsCompensation & benefits
Compensation & benefits
 
Business Environment and Analysis
Business Environment and AnalysisBusiness Environment and Analysis
Business Environment and Analysis
 

Semelhante a Chapter six benefit and rewards

Hr strategies-Linda Susan Joseph MACFAST THIRUVALLA
Hr strategies-Linda Susan Joseph MACFAST THIRUVALLAHr strategies-Linda Susan Joseph MACFAST THIRUVALLA
Hr strategies-Linda Susan Joseph MACFAST THIRUVALLA
crizzannne
 
humanresourcestrategy.. formulation of functional strategy
humanresourcestrategy.. formulation of functional strategyhumanresourcestrategy.. formulation of functional strategy
humanresourcestrategy.. formulation of functional strategy
AsmaSaeed55
 
humanresourcestrategy.. formulation of functional strategy
humanresourcestrategy.. formulation of functional strategyhumanresourcestrategy.. formulation of functional strategy
humanresourcestrategy.. formulation of functional strategy
AsmaSaeed55
 

Semelhante a Chapter six benefit and rewards (20)

Hr strategies-Linda Susan Joseph MACFAST THIRUVALLA
Hr strategies-Linda Susan Joseph MACFAST THIRUVALLAHr strategies-Linda Susan Joseph MACFAST THIRUVALLA
Hr strategies-Linda Susan Joseph MACFAST THIRUVALLA
 
humanresourcestrategy.. formulation of functional strategy
humanresourcestrategy.. formulation of functional strategyhumanresourcestrategy.. formulation of functional strategy
humanresourcestrategy.. formulation of functional strategy
 
humanresourcestrategy.. formulation of functional strategy
humanresourcestrategy.. formulation of functional strategyhumanresourcestrategy.. formulation of functional strategy
humanresourcestrategy.. formulation of functional strategy
 
Human resource strategy
Human resource strategyHuman resource strategy
Human resource strategy
 
Future of Employee Relations Debate - Stephen Moir - The Changing Role for HR...
Future of Employee Relations Debate - Stephen Moir - The Changing Role for HR...Future of Employee Relations Debate - Stephen Moir - The Changing Role for HR...
Future of Employee Relations Debate - Stephen Moir - The Changing Role for HR...
 
Shrm notes
Shrm notesShrm notes
Shrm notes
 
Senor subordinate relations and personnel administration
Senor subordinate relations and personnel administrationSenor subordinate relations and personnel administration
Senor subordinate relations and personnel administration
 
Hr ppt
Hr pptHr ppt
Hr ppt
 
DHRM-MCMI (1)
DHRM-MCMI (1)DHRM-MCMI (1)
DHRM-MCMI (1)
 
Human Resources Management.pptx
Human Resources Management.pptxHuman Resources Management.pptx
Human Resources Management.pptx
 
Talent management.pptx
Talent management.pptxTalent management.pptx
Talent management.pptx
 
Principles And Variety Of Leadership.Ppt
Principles And Variety Of Leadership.PptPrinciples And Variety Of Leadership.Ppt
Principles And Variety Of Leadership.Ppt
 
Coaching,Career and Talent Management
Coaching,Career and Talent ManagementCoaching,Career and Talent Management
Coaching,Career and Talent Management
 
Chapter 3 stratergic talent mgt
Chapter 3 stratergic talent mgtChapter 3 stratergic talent mgt
Chapter 3 stratergic talent mgt
 
HUMAN RESOURCES DEVELOPMENT UNIT 1 BY SAI PPT.PPTX
HUMAN RESOURCES DEVELOPMENT UNIT 1 BY SAI PPT.PPTXHUMAN RESOURCES DEVELOPMENT UNIT 1 BY SAI PPT.PPTX
HUMAN RESOURCES DEVELOPMENT UNIT 1 BY SAI PPT.PPTX
 
4-200414055814.docx
4-200414055814.docx4-200414055814.docx
4-200414055814.docx
 
BPR ERP Value Stream Management
BPR ERP Value Stream ManagementBPR ERP Value Stream Management
BPR ERP Value Stream Management
 
Manpower planning.pptx
Manpower planning.pptxManpower planning.pptx
Manpower planning.pptx
 
Basics learing- administrator.pptx
Basics learing- administrator.pptxBasics learing- administrator.pptx
Basics learing- administrator.pptx
 
Management development
Management developmentManagement development
Management development
 

Último

Salient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsSalient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functions
KarakKing
 

Último (20)

Understanding Accommodations and Modifications
Understanding  Accommodations and ModificationsUnderstanding  Accommodations and Modifications
Understanding Accommodations and Modifications
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 
Salient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsSalient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functions
 
Basic Intentional Injuries Health Education
Basic Intentional Injuries Health EducationBasic Intentional Injuries Health Education
Basic Intentional Injuries Health Education
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
 
How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17
 
Wellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptxWellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptx
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POS
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
 
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
 
latest AZ-104 Exam Questions and Answers
latest AZ-104 Exam Questions and Answerslatest AZ-104 Exam Questions and Answers
latest AZ-104 Exam Questions and Answers
 
REMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptxREMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptx
 
Tatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf artsTatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf arts
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.
 

Chapter six benefit and rewards

  • 1. BENEFIT AND REWARDS Group Member Abdul Rahim Wahid Rosdin Omang Syahrul Nizam Nongkang Mohd Hafizul Mohd Nazri Mohd Andy Sabarudin
  • 2. DEFINITION • Employee Reward covers how people are rewarded in accordance with their value to an organisation. • It is about both financial and non-financial rewards and embraces the strategies, policies, structures and processes used to develop and maintain reward systems.
  • 3. • The ways in which people are valued can make a considerable impact on the effectiveness of the organisation and is at the heart of the employment relationship. • The aim of employee reward policies and practices is to help attract, retain and motivate high-quality people.
  • 4. • Getting it wrong can have a significant negative effect on the motivation, commitment and morale of employees. • Personnel and development professionals will be involved frequently in reward issues, whether they are generalists or specialise in people resourcing, learning and development or employee relations.
  • 5. • Personnel and development practitioners are expected to play their part alongside line managers in maximising the contribution of people to the achievement of corporate purposes. • They must understand the business context and the importance of adopting a strategic viewpoint when meeting business needs in partnership with their colleagues.
  • 6. This Standard defines how thinking performers can meet these requirements in the field of employee reward. It is relevant for: • • any personnel/human resources practitioner at a relatively early stage in their career, responsible for a range of basic personnel operations and wanting to develop deeper and broader knowledge and skills and make a professional contribution to the employee reward process • • externally-based consultants providing advice and services in many organisational types, sectors and settings.