rewards systems

Reward systems are methods used to motivate and influence behavior by providing positive incentives when desired actions are performed. They can be tangible, like bonuses or prizes, or intangible, like recognition or praise. In organizations, reward systems aim to align individual efforts with organizational goals, encouraging productivity, loyalty, and job satisfaction. They are carefully designed to be fair and meaningful, ensuring that the rewards appropriately reflect the effort or achievement. Effective reward systems foster engagement by recognizing contributions and reinforcing behaviors that support overall success.