Some employers reward members of staff for their exceptional contribution to the company by giving them extra money. This practice can act as an incentive for some but may also have a negative impact on others. To what extent is this style of management effective? Are there better ways of encouraging employees to work hard?

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Nowadays, corporate companies reward their staff with the best
performance
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with a cash prize or benefits in some other form. While
this
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is one of the effective ways to encourage their peers to put their best
performance
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, other measures could be taken to make the
work
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progress drastically.
To begin
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with, most of the companies have attached the salary increment to the
performance
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variable.
In other words
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, providing the workers with incentives will trigger a healthy competition amongst their peers.
Secondly
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, the hardworking employees are
also
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given spot-awards as a token of appreciation for excelling in
performance
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.
For example
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, the corporate giant Walmart selects an employee every month for his/her hard
work
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and acknowledges them with "The best employee of the month" award.
This
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would give them the push needed and an edge over their teammates. There are multiple ways to boost employees
performance
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. One possible way is to assess the
work
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assignments in a timely manner and provide regular feedback for improvements
,
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apply
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if any.
This
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would give them the insight to know about their positives and negatives, and they could
work
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on it
accordingly
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. Another method to motivate workers is to gift them a paid-vacation for a longer period than the current standard norm.
As a result
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,
this
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would bind them to love what they do and
also
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be loyal to the firm they
work
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for. In conclusion,
although
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rewards, corporate-gifts and incentives play a crucial role in acknowledging staff, management can implement other creative ways that were suggested above to increase efficiency.

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Linking words for giving examples:

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  • for instance
  • to illustrate this
  • to give a clear example
  • such as
  • namely
  • to illustrate
  • take, for example

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