Answers:

This intervention involves the design of organizational rewards to improve employee satisfaction and performance. It includes innovative approaches to pay, promotions and fringe benefits.

A reward system is the standards, rules and procedures associated with the compensation and allocation of benefits or rewards to employees for a job well done. It also refers to the collection of brain structures that try to control and regulate behaviour by inducing pleasure.

Reward system exists in order to motivate employees to work towards achieving strategic goals which are set by entities. Reward management is not only concerned with pay and employee benefits. It is equally concerned with non-financial rewards such as recognition, training, development