![]() ![]() Reward system is the instrument used to increase employees’ productivity. As organizations strive to achieve one or more objectives through exhaustive utilization of human capital, so also, the employee aim toward achieving individual purpose (objective) while working for the organization. It is an asset that should be invested upon so as to provide long-term commitment and high performance in an organization. The emergence of human resource management posed great threat to the conventional personnel management and industrial relation because it evolved from the core approach or organization relationship. Its strategic approach emphasized a “tight fit” between individual needs, rights, ambitions, and goals within the organization which make compensation system central in the affairs of emerging students, scholars and HRM practitioners in the world over. Human resource has been tagged the most valued asset of any organization. Among these resources in human, which is commonly seen as the most valuable asset an organization could use to earn competitive advantage and achieve its objective, hence the need for human resources management to ensure optimum productivity and organizational continuous existence. Organizations are established with the aim of effectively utilizing various available human and non-human resource to achieve certain objective. ![]()
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