What is a rewards system that includes compensation, benefits, work-life effectiveness, recognition, performance management, and talent development?Talent acknowledgment strategyIncentivization strategyTotal rewards strategyPromote from within strategy

Long Term RewardsLong-term reward programs are designed to retain and develop performing employees in an organisation.Match the following long-term rewards with their objectives.Long-Term RewardPrimary Objective of the Long-Term Reward1. Employee Stock Optionsa. To help in 360-degree development of an employee by taking on projects supported by a cross-functional team to become a company leader in future2. Career Progression Goalsb. To help an employee develop skills, knowledge and ability3. Corporate Entrepreneurship Programsc. To help achievers to take on bigger assignments and develop them for bigger assignments in the future4. Executive Education Sponsorship Programsd. To help employees have a direct stake in overall organisational performance1-d, 2-c, 3-a, 4-b1-b, 2-c, 3-a, 4-d1-d, 2-c, 3-b, 4-a1-c, 2-d, 3-a, 4-b

What are the 2 categories of rewards in extrinsic motivation?

Which of the following was NOT noted in the Week 7 lecture on job performance, reward and remuneration?Group of answer choicesIntrinsic rather than extrinsic motivation predicts better performanceFinancial rewards are more motivating than psychological rewardsReward and remuneration is critical for job performancePerformance can be measured in many different ways

Discuss the significance of aligning the Reward Management strategy with the overall business strategy of an organization.

Extrinsic rewards include:Multiple select question.the satisfaction of knowing you reached a goalrecognition and praisepromotionspay raises