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Reward for work and work for reward

Reward for work and work for reward. Define the principle. Meritocracy is the key part of the principle A system that rewards hard work and talent When people are rewarded based on their abilities and hard work, they are encouraged to do well

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Reward for work and work for reward

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  1. Reward for work and work for reward

  2. Define the principle • Meritocracy is the key part of the principle • A system that rewards hard work and talent • When people are rewarded based on their abilities and hard work, they are encouraged to do well • Give everybody in society an equal opportunity to achieve their best and be rewarded for their performance, regardless of race, religion and socio-economic background

  3. Related government policies • Housing • Education • Healthcare

  4. Housing • Progress Package 2006 • Help lower income households with living expenses • Additional CPF grant  • provide more affordable housing options • the Workfare principle, at least one of the flat buyers must have been working for two years prior to the flat purchase to qualify for the grant • cover 40% of first-time buyers, or an estimated 6,000 households annually

  5. Education • Education policy  • Students who perform exceptionally well in their studies and co-curricular activities are rewarded • The Edusave Scholarship and Merit Bursary schemes reward the top 10% and 25% of students in schools and the Institutes of Technical Education

  6. Healthcare • Progress Package 2006 • Help the elderly meet retirement healthcare needs • Top-ups to CPF Special / Retirement and Medisave Accounts •  For Singaporeans aged 50 and above, their CPF Special or Retirement and Medisave accounts.  • These top-ups will be tiered by age and Annual Value (AV).

  7. Successes • Progress Package 2006 • Share the earnings of the country with all Singaporeans. • e.g. Top-ups to CPF Special / Retirement and Medisave Accounts, Additional CPF grant  • Every adult Singaporean will receive at least $200 of Growth Dividends and many Singaporeans will receive more.

  8. Successes • Education policy: Edusave Scholarship • The Edusave Scheme to maximises opportunities for all Singaporean children. The Scheme rewards students who perform well or who make good progress in their academic and non-academic work, and provides students and schools with funds to pay for enrichment programmes or to purchase additional resources.

  9. Grievances • Intrinsic Motivation vs Extrinsic Rewards • Extrinsic Rewards system • Not as effective as intrinsic motivation • Many implications • Interest • Performance 

  10. Grievances • Intrinsic Motivation •  Aware of a wide range of phenomena • Complexities • Inconsistencies • Unexpected possibilities  • More creative, well finished output

  11. Grievances • Extrinsic Motivation • Narrower attention focus • Shortened time perspectives • Affected • Long term commitment • Job satisfaction •  Work hard to gain social approval •  Deficit motivated behaviour

  12. Bibliography Beswick, D. (2007). Intrinsic Motivation and Extrinsic Rewards. Retrieved June 29th, 2011, from Beswick.info: http://www.beswick.info/psychres/management.htm http://www.moe.gov.sg/initiatives/edusave/funds-grants-awards/

  13. Thank you!

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