Reward is one of the Contribute to human resource and strategic business plans

  Dr. B. S. Suresh Babu,  P. Arun Kumar

Reward is one of the important elements to motivate employees for contributing their best effort to generate innovation ideas that lead to better business functionality and further improvise company performance both financial and non-financially, Hence, the rewards and incentives are benefitted by the employer to the employees through various forms which are Monetary incentives are the reward to the workers for better performance and productivity which is given through money These incentives include employee stock options, profit sharing plans, paid time off, bonuses and cash awards. Additional monetary incentives include annual or semi-annual bonuses, such as mid-year and end-of-year rewards. These incentives encourage friendly competition between associates when linked to job performance and motivate employees to produce optimally. Non-monetary incentives are the reward to the employee for their better performance through perks and opportunities These rewards include flexible work hours, training opportunities and the ability to work independently.

Keywords- Reward ,incentives

Unique Identification Number - IJEDR2003054
Page Number(s) - 357-362
Pubished in - Volume 8 | Issue 3 | September 2020
DOI (Digital Object Identifier) -   
Publisher - IJEDR (ISSN - 2321-9939)

  Dr. B. S. Suresh Babu,  P. Arun Kumar,   "Reward is one of the Contribute to human resource and strategic business plans", International Journal of Engineering Development and Research (IJEDR), ISSN:2321-9939, Volume.8, Issue 3, pp.357-362, September 2020, Available at :http://www.ijedr.org/papers/IJEDR2003054.pdf