What are the merits of Rewards and Incentive Systems?

      

What are the merits of Rewards and Incentive Systems?

  

Answers


Maurice
(i) Sub-cultures may arise in different business units with multiple reward systems

(ii) May reflect differences among functional areas, products, services and divisions

(iii) Shared values may emerge in subculture in opposition to patterns of the dominant culture

(iv) Reward systems may lead to information hoarding, working at cross purposes

(v) They motivate individual and collective task performance

(vi) Can be an effective motivator and control mechanism Potential downside of rewards and incentives

(vii) They are a powerful means of influencing an organization’s culture

(viii) They focus efforts on high-priority tasks
maurice.mutuku answered the question on August 2, 2019 at 11:37


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