Employee Rewards Introduction

The previous section dealt with motivation theory and practice. There is no doubt that motivation is the crux for good performance, but there is no clear cut answer to the question of how to motivate. The previous pages gave a glimpse of the answer through various theories and practices.

Money is a factor in motivating people and this section concentrates on this.

Employee reward systems are discussed in general and later in specifics in terms of payment by results. Various schemes for financial motivation are also described.
Money is important!

This is, perhaps, saying the obvious. But it still needs to be said, for a perusal of the previous section may give the impression to the contrary, at least judging from Maslow's concept. Refreshing as it is, if the theory was completely valid then, at least in affluent countries, economic incentives should have lost all their force. This we know is not correct.

According to Peter Drucker (1974)......

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Title: Employee Rewards Introduction
Approximate Word Count: 480
Approximate Pages: 2 (250 words per double-spaced page)

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