A Study on Promotion and Reward Policy of an Organization
A Study on Promotion and Reward Policy of an Organization Abstract Workers are driven by both natural internal and external incentives. To be effective, the incentive system must recognise the two sources of motivation. All incentive frameworks are based on the assumptions of attracting, retaining, and propelling people. Money-based incentives are an important component of the reward system, but there are other factors that motivate employees and influence their level of performance. To ensure that the incentive structure is appealing and pushes the desired behaviours, it is critical to carefully examine the prizes and methods utilized, and to ensure that the rewards are related to or in view of execution. Any execution estimate system must be linked to compensation or some sort of incentive in order to be effective. Compensating execution should be a continuous administrative activity, not only an annual pay-related custom. For More Details About a Study on Promotion and Re...