Long Term RewardsLong-term reward programs are designed to retain and develop performing employees in an organisation.Match the following long-term rewards with their objectives.Long-Term RewardPrimary Objective of the Long-Term Reward1. Employee Stock Optionsa. To help in 360-degree development of an employee by taking on projects supported by a cross-functional team to become a company leader in future2. Career Progression Goalsb. To help an employee develop skills, knowledge and ability3. Corporate Entrepreneurship Programsc. To help achievers to take on bigger assignments and develop them for bigger assignments in the future4. Executive Education Sponsorship Programsd. To help employees have a direct stake in overall organisational performance1-d, 2-c, 3-a, 4-b1-b, 2-c, 3-a, 4-d1-d, 2-c, 3-b, 4-a1-c, 2-d, 3-a, 4-b

Short Term RewardsShort-term rewards refer to the awards given in a short frame of time. These rewards are typically tied to contributions that have the greatest impact on company performance and are used to inspire goal achievement. Which of the following are short-term rewards? (Note: More than one option may be correct.)On-the-spot recognitionsAnnual awardsMICE (Meetings, Incentives, Conventions and Exhibitions) or ‘paid holidays’Employee Stock Options

What is a rewards system that includes compensation, benefits, work-life effectiveness, recognition, performance management, and talent development?Talent acknowledgment strategyIncentivization strategyTotal rewards strategyPromote from within strategy

short term goals and long term goals examples for students

Discuss the significance of aligning the Reward Management strategy with the overall business strategy of an organization.

What strategic that has overall long-term goal of the management of the organization