Question

Discuss how different forms of rewards, like bonuses and mandatory rewards, motivate teams and employees in an organization.

Answer 1

Different forms of rewards, such as bonuses and mandatory rewards, can motivate teams and employees in various ways.

Step-by-step explanation:

Different forms of rewards, such as bonuses and mandatory rewards, can motivate teams and employees in an organization in various ways.

Bonuses are a form of extrinsic reward that provide employees with additional compensation for their performance. They can serve as a powerful motivator by incentivizing employees to work harder and achieve higher levels of performance in order to earn the bonus. For example, a sales team may be motivated to meet or exceed their sales targets in order to earn a bonus.

Mandatory rewards, on the other hand, are a form of intrinsic reward that are tied to the completion of specific tasks or milestones within the organization. These rewards can be effective in motivating teams and employees by providing them with a sense of accomplishment and recognition for their work. For instance, completing a project ahead of schedule and receiving praise from management can serve as a source of motivation and satisfaction for the team.