|Research & Insights
The 7 Commandments for Effective Reward Management
It is important that on a regular basis, you look at your own internal policies and programs which guide all your employee related compensation and benefits discussions and decisions in the organization. For example, conducting periodic HR audits by a neutral team or an external consultant is one of the best ways to do so. This helps you to take an objective view of your position and take any corrective measures, if required.
The Changing Face of Reward Communication
In the last two decades, we have seen major evolution and changes in both the structures and the principles of employee rewards. The main reasons which have resulted in the same are significant changes in some of the environmental factors – such as industrial scenario, increasing globalization, labor forces, market conditions, statutory laws and tax structures.