PowerPoint Presentation
David
Star motors
zen200
Sale
Manage
Sales team
100 dollars
What motivates you most?
Financial rewards….Recap
are monetary incentives that an employee earn as a result of good performance (Park & Lee, 2009)
Aligned with organisational goals
All financial rewards are extrinsic
Extrinsic motivation is base on tangible rewards
Direct and indirect
Activity (corner)
Which one do you think will impact more on attraction and retention of employees in organisation? Why ?
How could organisation design financial rewards to attract and retain employees?
Revise pay rates
Pay increase
Figure out what rivals are paying
A good package of financial rewards leads to….
Increase Employee performance in the organisation
Increase productivity
Achievement of sales target
Improve employee loyalty and commitment
Employee more likely to accept the changes in work practices
Create sense of team spirit
Think time
3-2-1 pape
things you found out
things that were really interesting
thing you would still like to know