Total reward

Others

package is divided on two main areas: transaction rewards (transactional - tangible rewards) and non-financial rewards (relational - non-financial/intrinsic rewards). The first one includes: base pay, variable pay (bonuses, other incentives) and employee benefits. Whereas the second one, which is called relational or intangible rewards authors distinguished mainly on broad opportunities to development and supportive or positive work environment (Armstrong & Cummins, 2011).

Back