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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 this style of management effective? Are there better ways of encouraging employees to work hard?

#employers #reward #members #staff #contribution #company #money #practice #act #incentive #impact #style #management #employees #work
Nowadays
employers
 are meticulous in designing the
reward
 and recognition programs for their staff, which can include
provision
Add an article
the provision
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 of additional money in the form of incentives.
This
 can surely a
moral
Correct your spelling
morale
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 booster for
employees
.
This
 strategy can have multiple pros and cons. High work pressure industries like insurance, financial management firms can rip great benefits through the provision of incentives. Since
,
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apply
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 salaries in
such
 industries are low. Incentivising extraordinary contributions can be an efficient management strategy.
Employers
 primarily working on product or technology development will surely be less prone to opt for
reward
Correct article usage
a reward
show examples
 strategy considering the highly paid
employees
.
Such
employers
 will more focus on recognizing extraordinary contributors in
right
Add an article
the right
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 manner, leading to effective team bonding.
This
 will have an additional benefit of negating the adverse impact on other
collegues
Correct your spelling
colleagues
colleges
.
Employer sponsored
Add a hyphen
Employer-sponsored
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 team outing can be a better way to encourage
employees
 not only for hard work but
also
 smartly establish a good trust factor among
collegues
Correct your spelling
colleagues
.
Employees
 will surely feel motivated about
reapeating
Correct your spelling
repeating
 the exceptional performance.
This
 will
also
 help to build better work relationships, which is an intangible benefit.
Introduction
Correct article usage
The introduction
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 of
online
Add an article
an online
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reward
 point system can be an innovative way to encourage good performances and will be appealing to today’s
technology savvy
Add a hyphen
technology-savvy
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employees
. For great contributions managers can allocate
reward
 points to
employees
, which they can redeem on various e-commerce websites. In a nutshell, today’s
employers
 can weigh the benefits and disadvantages of providing incentives to
employees
 for their best contribution based on the business model and needs of the staff.
Submitted by vishalpatil97 on

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    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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