Modern organizations provide various financial rewards to employees such as bonuses, vacations, and company dinners to recognize good performance. Rewards motivate employees and improve satisfaction and performance. They boost self-esteem when employees know they have done good work. Reward systems also help the employee's relationship with their work and improve organizational effectiveness by motivating employees to join, come to work, and act effectively. Rewards such as vacations allow employees to relax and return to work with renewed enthusiasm.
TYPES OF FINANCIAL REWARDS IN MODERN ORGANIZATIONS, ronaldo espinal 12 E.pdf
1. TYPES OF FINANCIAL REWARDS
IN MODERN ORGANIZATIONS
name:Ronaldo espinal
12 E comercio
2. introduction
Well, nowadays companies give as a reward, like a $200 bonus
or vacations for so many days so that the employee clears up
and returns to work with strength, they also have dinners in
the company for their great performance in their work area.
3. purpose
well, my goal is for my colleagues to understand what are
the benefits that today's companies give their employees and
make them understand that not all companies exploit their
workers and that there are some that give them a break and a
reward for their great job
4. Research Question and Objectives
Organizational rewards, such as pay, promotions, and other
benefits, are powerful incentives to improve employee
satisfaction and performance. Therefore, experts in
Organizational Development are increasingly concerned with
the design and implementation of these systems. consists of
the payment a person receives in the form of wages,
salaries, bonuses and commissions
5. Explanation of project
my project carries out the rewards of the employers and what
are the benefits they receive from the companies, as I
explained before, many employees are exploited by some
companies and many companies do not take that into account,
that is where the disinterest of the employee towards his
work. Then, many companies, seeing that the employee is
being treated unfairly, the other company offers him a
higher salary and, apart from that, rewards him for his
great work and gives him commissions or vacations with all
pay. etc
6. methodology
They are economic incentives intended to direct the
employee's activity towards a particular result. It is a
sign of appreciation for a job well done (already finished),
for example, a gift. The reward is known to exist, it is
known. It is usually tangible and very often money.
7. findings
A reward for your staff is a material
or immaterial gratification that
should be granted not only to thank
you for an effort given by your
talent, but also to show them the
opportunity for growth that your
organization grants them.
Rewards can be used to boost
self-esteem. When a child earns
a reward, he knows that she has
done something good and
something that pleases you.
Rewards can also help improve
the employee's relationship
with their work.
Reward systems improve four aspects of
organizational effectiveness: They motivate staff
to join the organization. They influence workers
to come to work. Motivate them to act effectively.
8. conclusion
In conclusion, rewards for employees make them have better
self-esteem, make them feel that they are doing their job
well and want to continue working with more enthusiasm and
making more effort, also giving the employee a vacation
makes them relax and clear their minds. This is what
companies should take into account and take care of their
employees.
9. Special Thanks
well I must thank the professor who made me look for
information on the subject and thanks to that I was able to
learn how important the rewards of modern companies are
towards their employees, I was also able to understand some
things that I did not know and thanks to this work I was
finally able to to understand.
11. resources
some resource that I used was the internet to be able to
understand the subject itself, and to be able to speak and
explain the subject with coherence and not speak without
knowing about the subject
