Acknowledgement
I would like to thank Our lecturer Mr. Shanaka Fernando for giving us a very interesting case study which made us implement our theoretical knowledge in solving this case successfully and I would like to thank my colleagues at the EFC Ms. Vasana Wijesinghe and Ms. Iresha Wijayasiri for their support and guidance given to me in making this case study as well as giving me support and I would finally thank my batch mates for their support in giving me guidance as well and I would like to thank everyone whom I missed or haven’t mention above in helping me in many ways to complete this case study on time.

Executive Summary
The Serendib bank has faced a major problem and they are not having the workforce to do there day to day activities in the organization. Throughout this Case study we focus on the Main parts of Reward Management as it is the given issue throughout the organization.
The New CEO’s radical changes to the rewards system has been a major issue and it should be corrected and the solutions as well as the suggestions I saw is added in this case study with the use of the study materials as well as the knowledge which was shared by our beloved lecturers.
The Government Policy changes have a major effect on Serendib and it is shown in the Case study on how to embrace this change and adpt it to making the Rewards management system in this given Case Study.

Table of Content
Contents
1. Problem Statement. 2. Alternatives. 3.2 Theoretical View 3. Conclusion 4. Implementation 5. Sources

1. Problem Statement.

A problem statement is a situation where the problem that needs improvement is identified. And given below are the problems that were identified in the case of the Serendib Bank.:-
Serendib bank celebrated its 50th anniversary and appointed a new Chief Executive Officer, Mr. Maya Perera who was a top