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Impact Of Reward System On Employee Performance

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The reward is the name of such thing that is given to an employee after recognizing his services, efforts and achievements. An organization can provide a reward to their employees in the various ways like lunch with the boss, themed team lunch, company apparel, a certificate of achievement, recognizing the services of employees before the peers, and bonuses at the end of year etc. These kinds of reward systems have a lot of positive impacts on the performance of employees. If you don’t have enough idea about the impacts of the reward system on employee performance, then you can get help from experts in assignment writing services. Some possible impacts of reward system on employee performance are given below;

1) The reward system can lower turnover 
The turnover is considered an alarming situation for an organization. Due to turnover, the owner of an organization will have to take some quick and strict decisions. First of all, he will have to find the employees who are becoming a…