Contents

• Introduction
• Theory on Motivation, Reward Management and Strategic Remuneration
• Current business Scenario
• Reward management to increase employee motivation
• Type of rewards
• Role of extrinsic and intrinsic rewards to improve performance
• Strategic remuneration package for improved performance
• Conclusion
• References

Description

The assignment is focused on growing challenges faced by organizations in terms of employee management and motivating workforce to perform their best in the most challenging of the tasks. The assignment discusses this, in the light of effective reward strategy and strategic remuneration to the employees, which would help to maximize employee’s motivation at workplace. The assignment highlights on the importance of employee motivation in business field and its influential role in the sphere of workplace. To increase employee motivation, strategic remuneration pay packet and effective reward strategy have been discussed to maximize employee satisfaction, organization benefit and maximize organization’s profit.