A community of people who love to write
The easiest domain name (Note the .ORG) - Absolutely Free!
Home | Submit Articles | Login
Types of Pay and reward in an organization: It's role in motivating employeesBY: JoJustin | Category: Social Issues | Post Date: 2010-02-24
There are various kinds of employees who work in an organization. Some of these organizations are those that are able to pay the employees a lot of cash as well as provide them with various benefits. This is one of the methods of making the employee satisfied and motivated to work better. There are other kinds of organizations that are either non profit or they could be institutions that are not making a lot of profit. These organizations pay very less to their employees. All these factors play a role in the motivational level of the employees.
Other than the regular pay that is made to the employee on a weekly or a monthly basis, there are also various other rewards that are provided to the employees on a yearly or monthly basis. These benefits can also be one time benefits when the company has a sudden increase in the profits. All these benefits also help to motivate the employee to perform better.
The system of pay and benefits used by the firm to reward workers may vary from one organization to another, but they all have a reward system and this is as follows.
The regular payment that is paid on a monthly or a weekly basis is usually money. This helps the employees to use it for their regular daily expenses. This is also the most common method and regular method of payment that is made to all the employees. One should also understand that this is not the only method that can be used for the payment process.
This is the next most common method of rewarding the employee for the hard work and the effort that has been put in by the employee. There are various fringe benefits that are present in the organizations and they are very useful to motivate the employees to work better. Some benefits include tax free bonus, children's educational aid and also housing that is free of cost.
Flexibility at work:
There are also some organizations that provide the employees with flexibility at the work place. The flexibility in the timing that is given to staff can be considered to be a benefit when compared to the full time effort of many other employees. The flexibility in the timing works in the principle that one needs to only work when there is an assignment and complete it within a specific period of time.
The paid holiday system is one of the most common methods of providing a payment to the employees that is beneficial to the employee and also to the employer. A person who may be stressed and mentally tired after working on stop for months will benefit from a break and will be able to work with increased vigor after the break. This is the principle behind the paid holiday. At the same time, the employee also as a break and is able to spend time with the family. The paid holidays mean that the employee is given leave to go on a holiday and the person is also given money for the travel.
Article Source: http://www.saching.com
About Author / Additional Info:
* Three Simple but useful tips about courting girls on the internet
* Lightweight Hiking Shoes - Selecting your hiking equipment
* The importance of English Language.
* Long Island home inspection: Ensure a perfect home for yourself
* My academic journey so far ...
Does this article violate or infringe on your copyright ?
It is a violation of our terms for authors to submit content which they did not write and claim it as their own. If this article infringes on your copyrights, then use our Contact us form with the detailed proof of infringement along with the offending article's title, URL and writer name. If you do not hear back from us then contact us again in another 10 days. Thank you.
Comments on this article: (0 comments so far)
* Additional comments are now closed for this article *
Article Views: 5403
Copyright © 2010 saching.com - Do not copy articles from this website.
Important Disclaimer: All articles on this website are for general information only and is not a professional or experts advice. We do not own any responsibility for correctness or authenticity of the information presented in this article, or any loss or injury resulting from it. We do not endorse these articles, we are neither affiliated with the authors of these articles nor responsible for their content. Please see our disclaimer section for complete terms.