All of the following are elements of an effective employee reward system except
A) enabling employees to satisfy basic needs.
B) providing competitive rewards.
C) distributing rewards fairly in the organization.
D) recognizing that different people have different needs.
E) maximizing the amount of money spent on employee compensation.

Question

Quizplus · Accepted Answer

Maximizing the amount of money spent on employee compensation is not necessarily an element of an effective reward system. Instead, an effective reward system should focus on enabling employees to satisfy basic needs, providing competitive rewards, distributing rewards fairly in the organization, and recognizing that different people have different needs. A reward system that only focuses on maximizing compensation may not address these other important elements and may not lead to long-term employee satisfaction and retention.

All of the Following Are Elements of an Effective Employee