• Reward management is concerned with the financial provisions, both cash pay and other benefits, that are made to employees.

  • Rewards normally consist of two main elements: standard, or fixed, payments that are defined in the contract of employment, and additional , or variable, payments, which may be discretionary on the part of the employer.

  • Additional, or variable, payments are usually related to performance beyond that which is contractually required, or achievements above and beyond those defined in the contract of employment.

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