Rewards for good performance
We are more likely to meet our responsibilities if we are rewarded for doing well. Rewards in the workplace come in a variety of forms:
| Reward | What it means |
| Commission | Many employers offer an additional payment based on the percentage of the money you bring into the business in sales. This is on top of your regular pay. |
| Bonuses | Many businesses offer bonuses for good performance each year. This is common in situations where sales are not a routine part of the job. |
| Profit-sharing | Some businesses sell shares to their employees at a discounted rate to give them some ownership of the company. When the business does well, the shares rise in value and the employee makes more money. |
| Promotion | Workers who perform well are valuable. Employers who recognise your worth may offer you the opportunity to lead others, and receive more pay as well. |
| Non-financial incentives | It鈥檚 not all about money. Many employers celebrate their workers with awards, such as "employee of the month", or recognise them in company newsletters. They may offer you the prestige of more responsibility, or enter you into industry awards where your work can be recognised by a large audience. |
| Reward | Commission |
|---|---|
| What it means | Many employers offer an additional payment based on the percentage of the money you bring into the business in sales. This is on top of your regular pay. |
| Reward | Bonuses |
|---|---|
| What it means | Many businesses offer bonuses for good performance each year. This is common in situations where sales are not a routine part of the job. |
| Reward | Profit-sharing |
|---|---|
| What it means | Some businesses sell shares to their employees at a discounted rate to give them some ownership of the company. When the business does well, the shares rise in value and the employee makes more money. |
| Reward | Promotion |
|---|---|
| What it means | Workers who perform well are valuable. Employers who recognise your worth may offer you the opportunity to lead others, and receive more pay as well. |
| Reward | Non-financial incentives |
|---|---|
| What it means | It鈥檚 not all about money. Many employers celebrate their workers with awards, such as "employee of the month", or recognise them in company newsletters. They may offer you the prestige of more responsibility, or enter you into industry awards where your work can be recognised by a large audience. |