Rewards and pay systems strategy
The reward strategy for an employee is a strong motivating factor, but for the employer it is a greater possibility of achieving goals.
Defining a clear connection between the results of one’s work and the reward they receive increases efficiency in achieving strategic goals of an organization. The development of a quality reward and pay system is a strategy that’s good for the organization and its employees.
Prava Formula knows how to improve the reward system for different job positions, build a pay system based on inner and outer evaluations of job positions and knows how to connect the performance management system with the rewards system.