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Industry: GCC
Date: March 2012
Monetary Rewards
1 Rewarding the employees by increasing
their salary can increase their motivation
level.
2 Monetary rewards are paid in terms of
profit sharing, which can increase
employee performance.
3 Monthly bonuses are provided to
employees, which are considered as a
token of their hard work.
4 Monetary rewards should be paid on the
basis of employee performance, which
can be measured by using performance
appraisal techniques.
5 If hardworking employees are paid more
bonuses than it can ultimately increase
the motivation among other employees to
work hard.