Every company needs a strategic reward system for employees that addresses these four areas: compensation, benefits, recognition and appreciation. The problem with reward systems ...

Ask yourself the importance of a chocolate or a muffin to motivate your child to finish his homework or clean his room. Same way, the rewards and recognition can prove to be extremely ...

Workplace wellness is any workplace health promotion activity or organizational policy designed to support healthy behavior in the workplace and to improve health outcomes. Known as ...

While most employees would never turn down a cash bonus, not all of them find money the most fulfilling reward. Some employees, for example, place the highest value on having their ...

Everyone likes to get a pat on the back for a job well done—especially if that ‘pat’ includes some type of bonus or other financial compensation or recognition before colleagues. ...

This discipline covers the various forms of direct compensation—i.e. employee’s pay including variable pay, short and long term incentives, company stock awards, as well as promotions ...

Rewards motivate employees and make positive towards the organization. But, if it not effective, it may affect adversely to the employees and organization. Ineffective reward system ...

The achievement and benefit received by employees for their job performance in an organization are known as reward. Employees join the organization within certain expectation of reward. ...

There are many advantages associated with the implementation of a performance management system. A performance management system can make the following important contributions: ...

A recent study finds that bonuses and certain types of reward systems have little effect on long-term organizational performance. Still, most experts say reward systems are necessary, ...