How do rewards influence employee motivation?

How do rewards influence employee motivation?

Rewards can significantly boost employee motivation by recognizing their efforts and encouraging high performance.

What types of rewards are most effective?

Both intrinsic rewards, like personal growth, and extrinsic rewards, like bonuses, can be effective depending on the individual.

Can you give examples of intrinsic and extrinsic rewards?

Sure! Intrinsic rewards include job satisfaction and a sense of achievement, while extrinsic rewards include salary increases and bonuses.

How can companies implement a reward system?

Companies can implement a reward system by setting clear performance goals, regularly recognizing achievements, and offering diverse rewards.