Designing a HT Strategy and : Reward Systems Session 11

General objectives of Day 4 Discuss issues related to performance management and reward system Explain the importance of a reward system Assess the organization in terms of existing HT policies and practices

General objectives of Day 4 Define actions to be taken to improve management and development of personnel at the institute Discuss aspects related to communication among staff and supervisors Invite participants to see schedule of activities in the binder

General objectives of Day 4 Discuss issues related to performance management and reward system Explain the importance of a reward system Identify few implications for a reward system is implemented in your organization

Objectives of Session 11 At the end of this session, the participants are able Discuss issues related to performance management and reward system Explain the importance of a reward system Identify few implications for a reward system is implemented in your organization

Reward System Is an essential component of the Performance Management System, within the Human Talent Management. It helps the organization retain good employees motivate staff

Reward System support individual learning. facilitate organizational strategic objectives, and support individual learning. it is a key component in an organizational analysis and is associated with overall organizational performance.

Kinds of incentives there are both monetary and non-monetary incentives in all organizations. not everyone is motivated by the same rewards. some people are motivated by money, other less so.

Other Incentives Besides Money Example: Researchers - what kind of incentives would increase their motivation? money was cited as an important incentive, the researchers also listed the following as factors that would increase their effectiveness and therefore their motivation:

Other Incentives Besides Money access to better research materials, subscriptions to major publications in their field,

Other Incentives Besides Money access to the Internet to “chat” with other researchers on a specific topic, and the opportunity to present research findings inappropriate forums Thank you.