In designing a reward system an organization should:

Question

Quizplus · Accepted Answer

Understanding what employees value is crucial in designing an effective reward system. Employees value different things, and the reward system should be tailored to meet those values. This could be through intrinsic rewards such as recognition or opportunities for career growth, as well as extrinsic rewards such as compensation and benefits. Limiting concerns to only extrinsic rewards, maximizing direct pay, or assuming one mix of rewards fits all employees can lead to a reward system that fails to motivate and engage employees.

In Designing a Reward System an Organization Should