1. Designing a HT Strategy and : Reward Systems
Session 11

2. 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

3. 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

4. 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

5. 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

6. 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

7. 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.

8. 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.

9. 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:

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

11. 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.