Reward Management (RM), also known as Compensation and Benefits (C&B), is a vital HR function. Ensuring accurate and timely payroll is foundationalโwithout it, other HR efforts lose credibility. RM is about delivering fair and equitable remuneration, benefits, and recognition, aligned with employee contributions. While it has critical strategic elements, such as equity, incentive plans and a key role in driving performance, it is predominantly a detailed, operational task that requires strong collaboration with leadership.
However, RM can become stagnant, missing opportunities to optimise the total reward package. Let's collaborate to elevate our Reward Management strategies. Share your insights and learn from each other to excel in this crucial area.
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