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Lecture notes Human Resource Management (PEM360S)
- Institution
- Cape Peninsula University Of Technology (CPUT)
Contemporary theories and professional practice standards
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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.
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