Organizational Reward System

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ORGANIZATIONAL REWARD SYSTEM BY: Group:- 1 Hitendrasinh zala Sujay Bhonsle Ketan Changani Vidit Shah Neha Fatechandani

description

organisational reward system study

Transcript of Organizational Reward System

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ORGANIZATIONAL REWARD SYSTEMBY: Group:- 1

Hitendrasinh zala Sujay Bhonsle

Ketan Changani Vidit Shah

Neha Fatechandani

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Organizational Reward System

• It is controversial feature of the organization• Source can be either paycheck or little else• Volunteers reward includes non monetary

compensation

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Important components

• Types of reward• Reward norms• Distribution criteria

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Types of Reward

• Financial Reward

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Types of reward

• Social reward

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Types of reward

• Psychic reward

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Types of reward

• Extrinsic reward

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Types of reward

• Intrinsic reward

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Organizational Reward Norms

• Profit maximization

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Organizational Reward Norms

• Equity

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Organizational Reward Norms

• Equality

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Organizational Reward Norms

• Need

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Distribution Criteria

• Performance result

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Distribution Criteria

• Performance action and behavior

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Distribution Criteria

• Non performance Consideration

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THANK YOU