The section aims to:

To introduce motivation theories and types of motivation as the basis of reward management.
To explain the concept of reward management, its strategic and detailed aims and its philosophy.
To describe the processes and activities of reward management.
To identify the main differences between financial and non-financial reward systems and to outline the developments of reward strategies and principles of total reward and their uses in SMEs.
To provide an overview of reward and recognition practises in SMEs.