Consider the different types of reward systems. Write a short note including:

1. List the different types of reward systems.&
2. Discuss the advantages and disadvantages of each type of assessment.
3. Identify an example environment in which each reward system would work.
4. Next identify an environment in which each reward system would present challenges.
5. Include recommendations to employers who might want to consider implementing each type of reward system.

Answer rating: 100% (QA)

Answer 1 The four common types of employee reward systems are Monetary Reward Systems The most common type of monetary reward system is an annual or semiannual bonus These midyear and endofyear incent... View the full answer