For each example presented in the following table, identify the type of reward being illustrated Indirect compensation Incentive system Perquisite 0 0 Example Although some examples of this are job-related and enhance productivity, such as a car and driver they mostly seem to increase the status of their recipients and may thus increase satisfaction and reduce turnover. An employer's contribution to your retirement plan is an example of this. When your work team comes up with an idea that saves the company at least $5,000, your team gets $1,000 to share among the team members. O o Use your knowledge of individual reward systems to answer the following question. You believe that your manufacturing employees could produce more parts per hour, but that they need to be motivated to do it. You want to tie their earnings to the number of defect-free parts they produce every day. Piecework program Gain-sharing program Profit-sharing plan Use your knowledge of individual reward systems to answer the following question. Select the word or phrase that best completes the sentence. The purpose of the reward system in most organizations is to attract, and motivate qualified employees.
