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Innovative Approaches to Employee Compensation and Motivation: Designing Strategic Reward Systems
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Author(s): R. Vettriselvan (Academy of Maritime Education and Training, India), Palanivel Rathinasabapathi Velmurugan (Berlin School of Business and Innovation, Germany), Ruben Anto Michael (Christ University, India), A. Deepan (Sambhram University, Uzbekistan)and A. Vanitha (Saveetha Engineering College, Chennai, India)
Copyright: 2026
Pages: 26
Source title:
Strategies for Effective Employee Rewards and Compensation Management
Source Author(s)/Editor(s): Wasantha Rajapakshe (Sri Lanka Institute of Information Technology, Sri Lanka)
DOI: 10.4018/979-8-3373-3820-0.ch003
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Abstract
This explores the evolution and strategic relevance of reward systems in enhancing employee motivation and organizational performance. Moving beyond traditional pay structures, it emphasizes the integration of innovative compensation models aligned with business objectives and employee expectations. Drawing upon key motivational and behavioral theories, the discussion covers both monetary and non-monetary components of total rewards, including performance-based pay, recognition programs, flexible benefits, and career development opportunities. This examines the role of technology, sectoral differences, and cultural contexts in shaping reward strategies across global organizations and contemporary challenges such as pay equity, remote work compensation, and ethical considerations. Case examples and global practices are analyzed to provide actionable insights. The chapter concludes with future-oriented recommendations for designing inclusive, adaptive, and sustainable reward systems that foster engagement, retention, and strategic alignment in a rapidly changing workforce environment.
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