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Management is not very easy as it has systematic ways through which an organization can achieve its success. Now, one of the most important topics is Reward. If you have any problem in Rewards homework, you must need to acquire the proper knowledge related to this as this topic is very important to know a portion of business and management. You must understand and if you are unable to go through it, then myhomeworkhelp.com website is with you where you just need to click on Rewards homework help.
What do you mean by the term Rewards in management?
Rewards in management explain about the exact way of strategies through which you can easily provide rewards to the employees. It needs proper implementation of the formula that can have policies and strategies. The provided rewards to the employees must have knowledge of equability and have fair decision.
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What are the different types of rewards?
The various types of rewards are as follows –
- Extrinsic rewards
- Intrinsic rewards
What are the different types of extrinsic rewards?
The different types of extrinsic rewards are as follow-
- Bonuses
- Salary raise
- Gifts
- Promotion
- Some tangible rewards
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What are the types of intrinsic rewards?
It depends on the performance of individual employees. These are as follow-
- Information or feedback
- Recognition
- Empowerment or trust
What are the important concepts related to this topic?
The important concepts related to this topic are –
- Motivation Theories
- Job Evaluation
- Performance appraisal as improve performance, increase motivation and training identify
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