Rewarding Strategies of Emerging Market Firms: Creating and Supporting Talent Motivation
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Whether in emerging markets or developed ones, reward systems are key components of the talent management tool kit. They are widely used to provide a better fit between employees and the organizational values and performance targets of the companies that employ them. The reward system aims to attract, motivate and retain employees by increasing their willingness to work within the organization and perform productively. Proof of the effectiveness of these reward systems is their broad spread, using monetary compensation and social benefits that vary according to the company’s strategic priorities and the employee’s position.