How can I design effective reward structures for my team?
To design effective reward structures, consider aligning rewards with team goals, individual performance, and company values.
What types of rewards should I consider?
You can consider monetary rewards, recognition programs, professional development opportunities, and flexible work arrangements.
How do I ensure fairness in the reward system?
Ensure fairness by establishing clear criteria for rewards, involving team input, and regularly reviewing the system for biases.
Can you give examples of non-monetary rewards?
Sure! Examples include public recognition, additional time off, mentorship opportunities, and team-building activities.
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