Motivation and Rewards
Concept of Motivation Motivation refers to the psychological processes that activate, direct, and sustain goal-directed behavior. In other words, it’s...
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Financial Benefit
Financial benefits refer to the various monetary rewards or incentives that employers offer to employees as part of their overall...
Share Ownership Schemes
Share ownership schemes are a type of non-pay financial benefit offered by employers, in which employees are given the opportunity...
Types of Pension Schemes
Pension schemes are a type of non-pay financial benefit offered by employers to help employees save for retirement. These schemes...
Non-Pay Financial Benefit
Non-pay financial benefits refer to the benefits that an employer may offer to employees, in addition to their regular salary...
Cafeteria Approach to Rewards Management
The cafeteria approach to rewards management is a compensation strategy that allows employees to choose their own rewards based on...
Expectancy Theory: Victor Vroom 1964
Expectancy theory, developed by Victor Vroom in 1964 and expanded upon by Edward Lawler and Lyman Porter in 1968, is...
Key Elements of Philosophy of Pay/Reward System
The philosophy of pay/reward systems refers to the underlying principles and values that guide the design and implementation of compensation...
Performance and Rewards
Performance and rewards are two important concepts in the management of organizations. Performance refers to an employee’s ability to effectively...
Categories of Non-Financial Rewards in the Workplace
According to Armstrong (2017), non-financial rewards are incentives given to employees that are not related to monetary compensation. These rewards...
