Rewards Management
Reward System is defined as a "integration of the sources and actions that inform the selection of a mix of rewards intended at aiding employee attraction and retention, as well as encouraging employees' effort, cooperation, and desire to learn new skills and adapt to change." Rewards management is responsible for the distribution of rewards and recognition to an individual or a group that has fulfilled a particular task or completed a project. It is part of the HR department, but differs from employee and payroll management. Most companies use rewards management systems as part of a larger rewards strategy.
This software is researched and edited by
Rajat Gupta is the founder of Spotsaas, where he reviews and compares software tools that help businesses work smarter. Over the past two years, he has analyzed thousands of products across CRM, HR, AI, and finance — combining real-world research with a strong foundation in commerce and the CFA program. He's especially curious about AI, automation, and the future of work tech. Outside of SpotSaaS, you'll find him on a badminton court or tracking the stock market.
Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].
