Comparison Of Monetary And Non Monetary Benefits.

What is a Reward System?

Reward can be defined as anything that both increases the strength of response and tends to induce repetitions of the behavior that preceded the reinforcement . Hence a REWARD is simply something that the person who presents it deems to be desirable .

Types Of Reward Monetary benefits. Non Monetary Benefits.

Non-Monetary Benefits Process Perspective Performance Monetary Benefits Non-Monetary Benefits Motivation Satisfaction

Monetary Benefits Commissions beyond sales to customers. Rewarding leadership effectiveness. Rewarding new goals. Pay for knowledge workers in teams. Skill pay.

Non Monetary Benefits In the form of consumables. In the form of manipulatables. In the form of visual and auditory rewards. In the form of social rewards. In the form of job design.

Conclusion.

Presented By :- Ravi Anand. Rajdeep Chauhan. Rajendra Dhanger. Reynold Varghese.

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