Glossary Term: Reward System

Definition

A reward system is a group of neural structures responsible for incentive awareness, associative learning and positively categorized emotions. This can refer to the monetary, non-monetary and psychological payments that an organization provides for its employees in exchange for the work they perform.

Why is a reward system important?

Having a reward system helps keep employees happy, loyal to the company and eager to move up the corporate ladder. Incentives to motivate employees include public recognition and extra pay.

How do reward systems motivate employees?

Recognizing and rewarding employees demonstrates both respect and appreciation for their efforts. It shows the employer trusts that they are doing their jobs well, which not only encouraged them to stick around but also to work harder and give their best.

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