Class notes
Lecture notes Human Resource Management (PEM360S)
- Institution
- Cape Peninsula University Of Technology (CPUT)
Contemporary theories and professional practice standards
[Show more]
Seller
Follow
Content preview
Human Resource ManageSouthern Africa:
Contemporary Theorie
Professional Practice Sta
Chapter 9: Employee Reward and Recognition
Editor: Liiza Gie
,Learning outcomes
At the end of this chapter you should be able to:
• define and differentiate between reward and recognition;
• explain the concept of total rewards and general objectives of reward systems
• distinguish between the external and internal factors that influence th
design of remuneration systems;
• understand the objectives of remuneration;
• explain different remuneration systems and their benefits;
• outline the types of pay for performance;
• differentiate between individual pay for performance and team pay fo
performance;
• manage employee benefits and rewards; and
• explain the modern developments in reward and recognition.
, Introduction
• The term remuneration includes ALL benefits an employee receives.
• It encompasses rewards or remuneration.
• It can range from a salary to incentives, when certain allowances ar
made and flexible working options.
• Remuneration is influenced by internal and external challenges.
• Rewards and Recognition function in conjunction with SHRM, Talen
Management, Risk Management, Performance Management and HR
Measurement.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller kwanelenkqo437. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R133,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
52355 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now