Asked by Jonathan Philley on Jun 10, 2024
Verified
As a human resource specialist,you have been asked by your organization to lead a discussion on the merits of using internal promotions as a main reward mechanism.Which point would you most likely NOT raise?
A) They are an expensive process,as promotions are typically associated with pay increases.
B) They often carry both intrinsic and extrinsic rewards.
C) They recognize contributions made by strong performers.
D) They are often seen as a key motivation tool for employees.
Intrinsic Rewards
The personal satisfaction and enjoyment derived from completing a task or achieving a goal, independent of external rewards or recognition.
Extrinsic Rewards
Rewards given to employees that are external to the job itself, such as pay, benefits, bonuses, and promotions, aimed at motivating employees' performance.
Internal Promotions
The practice of filling vacancies within an organization by promoting existing employees rather than hiring externally.
- Understand the encouragement factors inherent in diverse compensation and incentive strategies.
- Assess the suitability of different pay plans based on organizational goals and employee roles.
Verified Answer
Learning Objectives
- Understand the encouragement factors inherent in diverse compensation and incentive strategies.
- Assess the suitability of different pay plans based on organizational goals and employee roles.
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