Section 1: Relationship between reward systems and achievement of objectives
A strategic reward system is critical in measuring several aspects of team productivity. Some of the components of a strategic reward system include financial recognitions, awards, promotions and benefits. Organizations, which adopt such initiatives, do so with an expectation of an increase in productivity and quality of services. Reward systems are either tangible or intangible. Organizations use tangible rewards to employees for those tasks that are performed (Brown, 2001). These tasks must meet or go beyond the initial expectations. For the intangible rewards, employees are complimented in public based on their achievements in an organization.
As far as achievement ...