Explain the objectives of reward systems

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Explain the objectives of reward systems? (Only one line for each point , no need to write more explanation)

 

Employer Perspective

 

  • Prestige
  • Competition
  • Control
  • Motivation
  • Performance
  • Cost

 

Employee Perspective

 

  • Purchasing power
  • 'Felt-fair'
  • Right to fair pay
  • Internal & external relativities
  • Recognition
  • Composition

 

Reference no: EM132983465

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