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

skill-based pay to reward those who acquire additional expertise and to develop a multiskilled work force

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

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

Spot or annual bonuses

Organizations should practice open communication when distributing extrinsic rewards, (e.g., promotion), so employees can compare the value of everyone’s contributions.

include flexible working hours and work from home

based on individual and team success.

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