04 Reward
REWARD
Now that you’ve enticed the most talented candidates to join your company, you will need to give significant thought to how you are going to reward them for their hard work.
This chapter will focus on:
- > Defining reward and what it means in your company
- > Ideas for financial and non-financial rewards
- > Being clear about what you want to reward.
1. Defining Reward: What It is, or Should Be
We need to begin with an attempt to distinguish between ‘reward’ and ‘recognition’.
To some, the word ‘reward’ automatically means money. But if you ponder on it for a little longer, the reality is rather more complex. There is a plethora of other things that a company can offer to staff which come under the umbrella of ‘reward’. And, let’s ...
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