As more companies look for better ways to attract, retain and motivate good employees, in a competitive labor market, the pressure is growing to get rid of the old methods of compensation (which focuses on money and nothing else) and for new methods to be developed (which would be varied and which would encompass more). As much as money is important, it has been shown that both job seekers and employees value advancement possibilities, emotional rewards and learning and rank those highly on lists of today's best companies attribute list. The reward system is a compensation method/package, which includes all of those attributes.

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