Major Issues Faced by Organizations Regarding Reward Management

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Reward Management is All About
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To helps and assists an organization
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5 Major Issues Faced by Organizations Regarding
Reward Management

• The core aim Reward Management sets is to
  devise a far
• Rewards are not usually understood by
  resources
• Rewards not linked with company's business
• Rewards not aligned with the job
• Rewards not linked with a resource's
  individual needs

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THE CORE AIM REWARD MANAGEMENT SETS IS TO DEVISE
A FAR
Sighted, holistic and logical structure based on
which consistent rewards can be offered.
Companies - irrespective of geographical
boundaries - and verticals - are readily opting
for newer methods to strategically channelize and
integrate reward management practices A number
of reasons collectively play a crucial role and
act as Reasons why reward management practices
usually face challenges.
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REWARDS ARE NOT USUALLY UNDERSTOOD BY RESOURCES
A reward is usually given in a variety of ways
using sophisticated forms. However, the lack of
articulated measures to inform the resources
about the rewards and lack of understanding from
the part of resources in understanding the reward
often pose a major risk and work as a challenge
in helping the Rewards Programs to shine.
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REWARDS NOT LINKED WITH COMPANY'S BUSINESS
While Planning, And Designing A Reward System, it
has often been noted that HRs work in isolation
and they might not necessarily convey the reward
program of an employee with all stakeholder but
with only selective few with whom they are
comfortable . So, the lack of board alignment
between employee demands and employer
expectations often pose major challenge of the
Reward Management System.
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REWARDS NOT ALIGNED WITH THE JOB

• Quite often the reward is not matched with the
  job.
• An HR might be calculating the resources
  wrongly and
• aligning the reward with a different job.
• This actually creates confusions and the
  employee or
• the resource does not feel motivated.

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REWARDS NOT LINKED WITH A RESOURCE'S INDIVIDUAL
NEEDS
An employee expects a reward, which is aligned
with his or her needs and not necessarily always
according to the speculation set by a company.
The gap between expectation and reality and
heavy over dependence of reward programming on
data gathered from record is another reason
Employee Rewards Program often fail to achieve
desired goal. These are some of the most common
challenges of employee reward program. For more
information visit the website Now! -
https//shiftsapp.com/
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