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What are the advantages and disadvantages of the reward system

In the Lesson Notes you learned about different types of reward systems e.g. seniority-based, status and membership, performance and competency. Describe the reward system that your organization uses to reward its employees. What are the advantages and disadvantages of the reward system? What would you differently if you could change the reward system? You need to think “big” for this posting. Try to identify the actual reward system, instead of listing all the specific rewards that you receive–a reward system is a comprehensive sum of monetary and non-monetary compensation.

 


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