... Reward system Organization reward system includes anything an employee values and desires that an employee is able and willing to offer in exchange for employee contributions. More specifically, the reward system includes both financial and non financial rewards. Financial rewards Financial rewards, which recognize your performance and contribution to the company's success through competitive salary and benefits. Salary Salary, pay or wages all mean almost same, i.e. they all are in the form of cash that an employee receives from the company for his contribution in the company's success. Benefits Benefits are offered to secure income and protect employee and his loved ones by providing the following example programs: * Medical/Dental/Vision * Life Insurance Health * Care Flexible Spending * Dependent Care Flexible Spending * Retirement Plan * Dividend Reinvestment Plan * Employee Stock Programs Non Financial rewards Rewards not in the form of cash or tangibility are called non financial rewards, different organization deploy different techniques to render these ...

See this essay or coursework document in full right now