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Comparison Of Monetary And Non Monetary Benefits.

Comparison Of Monetary And Non Monetary Benefits. What is a Reward System?.

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Comparison Of Monetary And Non Monetary Benefits.

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  1. Comparison Of Monetary And Non Monetary Benefits.

  2. What is a Reward System?

  3. Reward can be defined as anything that both increases the strength of response and tends to induce repetitions of the behavior that preceded the reinforcement . Hence a REWARD is simply something that the person who presents it deems to be desirable .

  4. Types Of Reward • Monetary benefits. • Non Monetary Benefits.

  5. Process Perspective Performance Monetary Benefits Non-Monetary Benefits Motivation Satisfaction

  6. Monetary Benefits • Commissions beyond sales to customers. • Rewarding leadership effectiveness. • Rewarding new goals. • Pay for knowledge workers in teams. • Skill pay.

  7. Non Monetary Benefits • In the form of consumables. • In the form of manipulatables. • In the form of visual and auditory rewards. • In the form of social rewards. • In the form of job design.

  8. Conclusion.

  9. Presented By :- Ravi Anand. Rajdeep Chauhan. Rajendra Dhanger. Reynold Varghese.

  10. Thank you.

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