Reward Management - for the purposes of our discussion Reward covers the most common standard term, Compensation and Benefits (C&B) and less discussed topic in some countries, i.e. Recognition. I think this helps to illustrate the importance and potential impact of recognition in our Reward Management strategies and programs. Either a very simple topic or extremely complex depending on your country structure, e.g. India’s tax structure and multiple allowances that make up what they call TCC (Total Cost To Company) to an SME organisation that only provides base salary only, no benefits. Sub areas including job evaluation, market comparison, the structure of your pay bands to extremely elaborate ‘buffet benefits’ and total compensation packages with a pay mix which includes monthly, short term incentive (STI) and long term incentive (LTI) components. Overlaying this multiple organizational levels from Intern to CEO with many variations with the goal of being attractive as an Employer relative to market/industry; equitable and consistent application with precedent being one of the greater areas for consideration with practice versus formal policies often being discussed or litigated on.