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5HR03 assessment answers

Evaluate the Principles of Reward and its Importance to Organizational Culture and Performance Management

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A rewards system documents an individual or a team’s efficiencies, helping to motivate exemplary employee performance using a standard procedure. Every workplace has a unique, institutionalized motivation culture depending on many factors such as size. If HR follows the principles evaluated below while making reward policy decisions, it becomes easy to monitor employee performance. A … Read more

Assess the Contribution of Intrinsic and Extrinsic Rewards to Employee Contribution and Sustained Organizational Performance

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Organizations that recognize an employee’s contribution and incentivize worker performance will maintain an ever-growing workplace productivity curve. The term ‘reward’ means everything a worker receives from their employer after work. There are two types of employee rewards: 1.    Intrinsic Rewards Intrinsic rewards include all the psychological benefits an employee gets out of achieving an impactful … Read more