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Reward System.docx - Discuss THREE (3) reward systems and...

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Discuss THREE (3) reward systems and describe the benefits of each of the systemsWorkplace reward systems are rewards schemes that promote employee participation andproductivity by providing incentives, improved salary, extra time off or other awards for a jobwell done. Reward programs reward team members who excel in fields such as customersupport, loyalty and sales capacity. Amazon is one of the world's most valued firms. Bothintrinsic and extrinsic are the reward systems used here.Intrinsic rewards represent those rewards that are related directly to performing the job. Inthis sense, Amazon has a career choice program that helps prepare low-level workers forcareers that are high paying. Through the program, Amazon pays tuition fees for itsassociates who have worked for one year continuously enabling them to obtain further skills.The pay to quit policy by Amazon helps unhappy employees to make the decision to quit forbetter opportunities easily. All these policies and programs aimed at ensuring that thecompany has employees with the highest level of skills.Besides, learning opportunities. Amazon launched a human resource strategy called Pivotthat helped in helping underperforming employees in the organization. Pivot is a retrainingprogram that gave underperforming employees the chance to either leave the companyvoluntarily or to enrol in the program. The program has more opportunities for improvementfor the employees than the previous performance improvement plan. Once an employeeenters the program, the program assigns them an expert in their area of work known as acareer ambassador who guides and supports them. The retraining of the employee strategythrough career ambassadors aims at helping workers within the company to maximize ontheir potential. The program contributes to the efficient management of the company’s
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Fall
Professor
Abdullah
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