ItemBook Chapter

Innovative Approaches to Employee Compensation and Motivation: Designing Strategic Reward Systems

Title
Innovative Approaches to Employee Compensation and Motivation: Designing Strategic Reward Systems
Creator
Vettriselvan, R.; Velmurugan, Palanivel Rathinasabapathi; Michael, Ruben Anto; Deepan, A.; Vanitha, A.
Description
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. 2026 by IGI Global Scientific Publishing. All rights reserved.
Source
Strategies for Effective Employee Rewards and Compensation Management;pp.43-68
Date
01-01-2025
Publisher
IGI Global
Coverage
Vettriselvan R., Academy of Maritime Education and Training, India; Velmurugan P.R., Berlin School of Business and Innovation, Germany; Michael R.A., Christ University, India; Deepan A., Sambhram University, Uzbekistan; Vanitha A., Saveetha Engineering College, Chennai, India
Rights
Restricted Access; Hardcopy may be available in the library
Relation
ISBN: 979-833733822-4; 979-833733820-0;
Format
online
Language
English
Type
Book chapter

Citation

Vettriselvan, R.; Velmurugan, Palanivel Rathinasabapathi; Michael, Ruben Anto; Deepan, A.; Vanitha, A., “Innovative Approaches to Employee Compensation and Motivation: Designing Strategic Reward Systems,” CHRIST (Deemed To Be University) Institutional Repository, accessed June 18, 2026, https://archives.christuniversity.in/items/show/24761.

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