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Title: Rewards

Essay Details:

Subject: Philosophy
Author: Malcolm D
Date: December 3, 2015
Level: University
Grade: A
Length: 3 / 897

Essay text:

In achieving this, companies rely on different reward systems. It means that companies are seeing the compensation program differently then 'just paying for performance'. The objective of reward system is to motivate staff to achieve organizational goals. Reward system may refer to some internal and external factors for the variety of wage mix. Internal factors include compensation policy organization, worth of job, employees’ performance, skills and ability. External factors include the condition of labor market, wage rates of areas, cost of living, collective bargaining power, legal requirements and government policies...

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