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TOPIC 2: Pay and Reward
‘The notion of “total reward” acknowledges the value of a wide range of both tangible and intangible rewards to employees and seeks to ensure that the various components of reward on offer are complementary and compatible with the philosophy, values and culture of the firm in order to secure improved performance’ (Wilton, 2019, p.266).
Explain the typical objectives of reward management and discuss the variety of financial and non-financial elements which an organisation can adopt within their rewards package. Your essay should consider how these are implemented within an organisation of your choice.
