Question

The focus of reward management has moved from paying for a position or job title to

Answer 1

Having a good reward system helps keep employees happy, loyal to the company, and eager to move up the ladder. Rewards, like public recognition and additional pay, motivate employees to work harder. Reward management is important for the following reasons: ... Strengthens the company's reputation.

Answer 2

Reward management is concerned with the formulation and implementation of strategies and policies that aim to reward people fairly, equitably and consistently in accordance with their value to the organization.