Educating People for Humanity
Concept of Motivation Motivation refers to the psychological processes that activate, direct, and sustain goal-directed behavior. In other words, it’s the internal or external factors that drive individuals to engage in certain behaviors, sustain...
Financial benefits refer to the various monetary rewards or incentives that employers offer to employees as part of their overall compensation package. Financial benefits can include a wide range of options, such as base...
Share ownership schemes are a type of non-pay financial benefit offered by employers, in which employees are given the opportunity to purchase shares in the company or are given shares as part of their...
Pension schemes are a type of non-pay financial benefit offered by employers to help employees save for retirement. These schemes may be funded by the employer, the employee, or a combination of both. The...
Non-pay financial benefits refer to the benefits that an employer may offer to employees, in addition to their regular salary or wages. These benefits can help to enhance the total compensation package of an...
The cafeteria approach to rewards management is a compensation strategy that allows employees to choose their own rewards based on their individual needs and preferences. This approach recognizes that employees have different needs and...
Expectancy theory, developed by Victor Vroom in 1964 and expanded upon by Edward Lawler and Lyman Porter in 1968, is a motivation theory that explains how individuals make choices regarding behavior in the workplace....
The philosophy of pay/reward systems refers to the underlying principles and values that guide the design and implementation of compensation and rewards systems in organizations. A well-defined philosophy of pay/reward systems can help to...
Performance and rewards are two important concepts in the management of organizations. Performance refers to an employee’s ability to effectively carry out their job duties and achieve desired outcomes, while rewards refer to the...
According to Armstrong (2017), non-financial rewards are incentives given to employees that are not related to monetary compensation. These rewards can take various forms and are designed to motivate, engage, and retain employees by...
Business / Management / Strategy
Strategy, Mission, Vision, and Objective of a Company
February 14, 2023
