Introduction to Reward Systems Flashcard

Front

What are the two types of rewards mentioned in the introduction?

Back

financial and non-financial

Front

Why is employee productivity and satisfaction important?

Back

It enhances employee motivation.

Front

Which of the following is a type of financial reward in the workplace? Recognition & Appreciation, Career Growth & Training Opportunities, Salary Increments, Team Building Activities

Back

Salary Increments

Front

Which reward is specific to the hospitality/food industry? Options: Profit-sharing, Tips, Career Growth, Recognition

Back

Tips

Front

what is meant by 'total rewards'

Back

A comprehensive approach to compensating employees, including salary, benefits, recognition, and career development opportunities

Front

Which company offers "Employee of the Month" programs, training, and tuition assistance?

Back

McDonald's

Front

What benefits does Starbucks provide to its employees?

Back

Health benefits, stock options, free coffee/meal perks

Front

What is a potential issue with non-monetary rewards?

Back

Potential favoritism

Front

What can happen to employees as a result of reward systems?

Back

They become dependent on rewards.

Front

What should be considered when personalizing rewards?

Back

Employee preferences