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15 cards from this deck
When a business rewards/incentivizes staff to improve performance
Improved performance
Fewer absences
Maintain an experienced workforce
Reduces recruitment and training costs
Improves reputation, easier to recruit
Methods providing monetary reward for work
Reward for meeting objectives/completing tasks well
% of profits added to salary to focus on profit
Free benefits e.g. car, private healthcare
Increases productivity
Expensive to provide
Sometimes short-term, easily forgotten
Recognises staff efforts without financial cost
Praise, award schemes, working environment
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