Ideally, an organization is a set of people who work together to achieve certain goals. There are many ways to get the organization functioning and make use of various management control measures to achieve the desired goals. Reward system is one such management control method which means to pay rewards or incentives to employees based on their performance. Although reward systems are introduced to serve multiple aims, the main aim however is to motivate and encourage the employees to perform better and beyond expectations. These rewards have to be externally competitive and must be in proportion to the market ...
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