Employee rewards and incentives
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How might rewards and employee incentives help ensure that the corporate strategy will be successful in the internal system?
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The Solution discusses how rewards and incentives make a corporate strategy successful.
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Rewards and employee incentives help ensure that the corporate strategy will be successful in the internal system.
Rewards and employee incentives are so designed that they align employee actions with corporate strategy. The effect of rewards and incentives is to improve productivity, improve loyalty, and reduce employee turnover. The employees strive to make the corporate strategy successful. For example, if the corporate strategy is to reduce costs, the employees strive to reduce costs in their sphere of work. This occurs because rewards and incentives increase ...
Education
- MBA, Indian Institute of Social Welfare and Business Management
- BSc, University of Calcutta
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