Examlex
In practice, the stages of the self-design strategy:
Compensation
The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.
Reward Strategy
A plan designed by an organization to motivate employees by recognizing their work through financial and non-financial rewards.
Organization Members
Individuals who are formally associated with an organization and contribute to its goals, including employees, managers, and stakeholders.
Rewards
Benefits, monetary or non-monetary, given to individuals or groups as recognition for their efforts, performance, or achievements.
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