Compensation is viewed as rewards that influence employees behaviour. There is also a tenancy to look...

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Compensation is viewed as rewards that influence employees behaviour. There is also a tenancy to look at money as the great equalizer. For example, if a job is boring or if there is no opportunity for growth, it could be beneficial to compensate employees by giving them more money. Would that be a good approach? Or creating an effective reward system for both employees and organization would be more beneficial because it would generate the types of employee behaviour that an organization needs. Explain actions that need to be followed in order to design an effective reward system from an employee behavioural perspective. Compensation is viewed as rewards that influence employees behaviour. There is also a tenancy to look at money as the great equalizer. For example, if a job is boring or if there is no opportunity for growth, it could be beneficial to compensate employees by giving them more money. Would that be a good approach? Or creating an effective reward system for both employees and organization would be more beneficial because it would generate the types of employee behaviour that an organization needs. Explain actions that need to be followed in order to design an effective reward system from an employee behavioural perspective.

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Designing an effective reward system from an employee behavioral perspective involves a thoughtful approach that goes beyond just financial compensati... View the full answer