Spot or annual bonuses

greatest incentive for employee performance is affording one another the simple pleasures in life: warmth, care, thoughtfulness, appreciation and kindness.

Workers have varying self-worth and needs for extrinsic and intrinsic rewards.

should capture the value of their short-term results and long-term contributions.

Employees’ work life can satisfy external criteria for self-worth and can be an important forum for self-expression.

Employees like feeling appreciated. A smile and a “thank you” goes a long way.

every autonomous unit in the organization, e.g., wholly owned subsidiaries, can design a performance-based reward system according

a range of extrinsic and intrinsic rewards to satisfy their employees’ unique motivations. In most cases, a cafeteria-style benefit package

Most employees want to take ownership in their contributions to the company, rather than “rent” themselves to the organization.