Financial rewards are monetary incentives that employees earn for good performance to help achieve company goals. There are different types of financial rewards such as bonuses for sales targets. Financial rewards motivate employees and encourage better performance which increases employee satisfaction. Companies use financial rewards to recognize individual contributions and keep employees motivated to learn new skills that benefit the organization.

1. Types of
rewards
Estudent: Mizar Martinez.
12ºe comerce
Modern organization

2. Introduction
To begin with, what is financial rewards? the finacial reward is a monetary incentives that
an employee earn as a result of Good performance. In Fact is an encouragment for the
employees to help the company to achive their goals. The fianacial rewars is based on
tangible rewards, such as bonuses, pay raises, etc.
Let’s say the manager of a company has determined that the newest product, mobile desk,
is not selling well, so the manager meet the sales team to annuance that they would pay
60$ for each new mobile desk he or she sold.
This is a Good example of reward every time the sale team sale a mobile desk the get 60$
at the same time the sales team is helping the company in their sales goals.
Why the fiancial rewards are important? The fifnacial incentives can be extremely beneficial
motivator in a company or organization:
• Motivate the staff: the staff going to have more reason to achieve comapny goals and
objetive.
• Encourage the employees: the reard encorage them to learn and make a better
performance.
• Employee satisfaction: the employee get the satisfaction that he or she are doing a
Good performances.
• Recognized individual performance: the company or organization want to thanks their
staff for their Good performances so they use fiancial rewards.

3. Porpuse
01
02
03
04
EXPERIENCE
EDUCATION
INTEREST
SKILLS

4. Individual
performance
related pay
● Therefore, organisations
use this method where it
motivates individuals
recognizing they will be
rewarded towards their
progress and their
contribution, which would
then be implemented,
hence the success of that
organisation.

5. Profit related
pay
● is an element of reward
where in co-operation will
ascend and descend
together for the employee
and the organisation. The
prospect is that such
method would improve
employee’s job satisfaction
and motivation and is seen
as a wage substitution.

6. Skill based pay
● could be seen as a
remuneration system where
employees are paid wages on
the foundation towards the
number of skills they are
assessed to have and even
qualifications they have
obtained.

7. Explanation of proyect
To start with the types of financial rewards in modern
organization, in all organizations there are rewards for employees
and vary depending on the company, which Branch you work in,
among others factors; but we can see that there are more tan
one and the way they are used is very different.
On the other hand the objective of this research is to know a
litte bit more about financial rewards, besides that, see the types
of benefits and learn some advantages of it.

8. Methodology
Inductive
Based on data to
develop undertanding.
Descriptive
Focuses análisis on
description
Comprensive
Perspective of the
social actor.

9. Finding
I considered that i’ve
learn more about the
skill based payment and
the way all the
employees need to learn
more skills to survive.
I’ve learn the different’s
impact of profit related
pay for the nurse
teachers and social
workers.
In other hand the way
individuals performance
payment organisation
motivated there
employee.
the way the company
motivation increased
because of the finacial
reward.

10. Conclusion
to conclude this investigation we`ve expanded a bit more on the various types of financial
rewards, and the three most used by today’s business, plus knowing that there are factors
that can changes when it comes to performance of the employees.
As for the importance of them, it becomes very greath, both for the employees and for the
whole orgganizayion, since depending on the performance of the workers the company is
mantained and depend of that the goal’s are achived in few words if the company wins and
so does the worker. To summarize it all lies in the way the ímpetus is given to the
employees they Will do the job but is ther is where you get to see the efficency and
effctiveness of the worker.
To finish there are still many more things that relat to this both the efficiency and
effectiviness as the multple types of financial rewards yet we must continue to study and
prepare for the uncertain future.

11. Special thanks
i really appreciate the
help of the site web,
the indeed editorial
team.

12. RESOURCES
Information
• Types of finacial rewards
• Modern application of financial rewads
• Impact of financial and non-financial rewards
• Theories of motivation and their application in organizations.

13. Bibliography
• https://www.mbaknol.com/human-resource-management/types-of-financial-
rewards
• https://www.perkbox.com/uk/resources/blog/10-ways-good-reward-
management-will-transform-your-company
• https://www.shrm.org/hr-today/trends-and-forecasting/special-reports-and-
expert-views/documents/implementing-total-rewards-strategies.pdf
• https://researchleap.com/theories-motivation-application-organizations-risk-
analysis/

14. Appendix 1

15. Appendix 2

16. Thanks for your attention