Bekalu, wubeshet (PhD)Eyob, Alem2021-06-022023-11-042021-06-022023-11-042015-06http://etd.aau.edu.et/handle/123456789/26618Reward system exists in order to motivate employees to work towards achieving strategic goals which are set by entities. Reward management is not only concerned with pay and employee benefits (financial rewards). It is equally concerned with non-financial rewards such as recognition, training, development and increased job responsibility. This study focused on assessment of reward management practices in commercial bank of Ethiopia and tried to assess the current reward management practices that the company is using to attract and retain employees focusing on employee’s perception after the latest salary adjustment. Data was collected through questionnaire. To undertake the research stratified sampling technique was applied and 325 questionnaires out of the distributed 363 questionnaires with a response rate of 89% were used. Respondent’s response based on equity, transparency, consistency and alignments as well as overall rating of reward management practices of the bank was used. The data was analyzed by using descriptive statistics. The findings of the study showed that CBE is successful in providing intrinsic rewards than extrinsic rewards and With regards to equity relatively CBE has achieved in ensuring internal equity than external equity. Also some transparency aspects of CBE seems to be poor .CBE is successful in insuring consistency of pay but when we see alignment , alignment of reward management strategy with the HR strategy is poor. The overall ratings of the respondents’ response regarding the general reward management practice of the bank showed disagreementen-USReward systemmotivate employeesfinancial rewardsThesis