LAWLER’S MODEL OF REWARD STRATEGY RESOURCES ENVIRONMENT CORPORATE GOALS & OBJECTIVES ORGANIZATION DESIGN & MANAGEMENT STYLE REWARD SYSTEM INDIVIDUAL & ORGANIZATIONAL BEHAVIUOR Reward system – An important means of communication
RELATIONSHIP BETWEEN HR & REWARD PRACTICES & BUSINESS PERFORMANCE JOB SATISFACTION EMPLOYEE INVOLVEMENT / COMMUNICATION BUSINESS PERFORMANCE HR PRACTICES
A commitment to employee involvement that ties additional pay to improvements in workforce performance.
A plan under which an employer pays to eligible employees, as an addition to their normal remuneration, additional sums in the form of cash or shares in the company related to the profits of the business.
The total reward policy should state that although contingent rewards play an important part in the reward policies of the organization other forms of non financial reward are regarded as being equally important
Reward processes are powerful media for conveying messages to employees about the organizations values and the contribution they are expected to make in upholding those values and achieving the organization’s goals.