Human capital, organization, competition, skills, employees, improvement
When giving performance-based rewards and incentives to employees, they must be related to company objectives and individuals.
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Integrating rewards and incentives to remain competitive in the marketplace ensures performance that goes beyond the organization.
[...] (2015). Impact of reward and recognition on job satisfaction and motivation. European Journal of Business and Management, 112-124. Anitha, J. (2014). Determinants of employee engagement and their impact on employee performance. International journal of productivity and performance management, 308-323. Honore, J. (2009). EMPLOYEE MOTIVATION. Consortium Journal of Hospitality & Tourism, 14(1). [...]
[...] Shahzadi, I., Javed, A., Pirzada, S. S., Nasreen, S., & Khanam, F. (2014). Impact of employee motivation on employee performance. European Journal of Business and Management, 159-166. Utin, N. H., & Yosepha, S. Y. (2019). The model of employee performance. International Review of Management and Marketing, 69. [...]
[...] Goal Setting Aligning employee goals with those of the organization by utilizing their talents to contribute towards the success of the organization (Anitha, 2014). For example, the company can improve its customer satisfaction rating by developing better customer handling and communication skills. Seek Feedback Never shy away from requesting others' opinions, for they will provide you with a complete picture of where you are strong and weak. hence, don't hesitate to ask your co-workers, seniors, clients or customers for feedback. [...]
[...] - Advantages over competition Improved employee well-being: Flexible work arrangements can communicate that a company cares about the welfare of its employees. This raises job satisfaction and employee stress levels (Honore, 2009). Organization Vision for Overall Culture Our organization seeks to create an environment and culture that enables high performance, employee development and growth, teamwork, ethical standards, and other noble characteristics. Employee Development We consider our people to be the core of the business, which is why we invest in their skill development and career growth through workshops, job training, and professional development (Honore, 2009). [...]
[...] Integrating Rewards and Incentives to Remain Competitive in the Marketplace Integrating rewards and incentives to remain competitive in the marketplace ensures performance that goes beyond the organization. Here's how you can integrate rewards and incentives to stay competitive: Recognition An acknowledgment of the contribution is the main component of engagement and the longevity of company employees. Developing a culture of appreciation contributes to motivating and enhancing moods. Strategic recognition entails a constructive tool for building a reward system (Honore, 2009). [...]
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