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Reward and Recognition

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Reward and recognition relates to how Employees are rewarded in accordance with their value to their Organisation. Armstrong (1997) outlines that a reward system consists of financial rewards (fixed and variable) and Employer benefits, which together comprise total remuneration. Over recent decades this view of how to motivate and retain Employers has become increasingly associated with the notion of recognition and other forms of non-financial rewards such as praise, achievement, responsibility and personal growth.