Reward Management Reward Management is concerned with the formulation and implementation of strategies and policies that aim to reward people fairly, equitably and consistently in accordance with their value to the organization (Deshpande, 2014) . Why Employee Recognition Matters From a very early age, we crave recognition from parents, teachers, and friends. So strong is our desire for positive affirmation, particularly during developmental periods, that we can even perceive a neutral reaction as a negative one. This continues to hold true as we move into the workplace. Employee recognition helps to: • Retain top talent • Increase employee engagement • Encourage high performance Basic Types of Reward (Alumni, 2014) Extrinsic rewards Satisfy basic needs: survival, security Pay, conditions, treatment Intrinsic rewards Satisfy higher needs: esteem, development Rewards by Individual, Team, Organisation · Individu...
Learning and development Training and development programs will improve the skills in dealing with the day to day diversity dilemmas. This will help managers to be aware on how power relations impact on stereotypes of groups and on perceptions of individuals and the expectations. Learning and development trends in 2020 (Harper, 2019) Catering to all levels (Neendoor, 2019) Giving priority to the front line staffs drive customer satisfaction as well as helps to retain the employees as well as company goals. Virtual learning practices (Roddy, et al., 2017) It is convenient and cost free to conduct virtual learning sessions. It enhances the digital work experience. User experience (Rowland, 2015) Variety of information in the internet while using gives user experience. Here course elements are very easy to access. Sufficient input controls such as user name and password are provided. Decline of flash courses Due to rise of digital platforms flash courses are decreased ...