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    non-monetary awards

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    Some organizations reward exceptional work with a non-monetary award. The army rewards with a medal to be worn. Employee innovation and productivity achievements are rewarded with certificates or token prizes. Are these rewards appropriate? How do they compare with the rationale for pay for performance?

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    Solution Preview

    Yes, non-monetary awards are acceptable and appropriate in many circumstances from the point of view of the organization, but not exactly desired from the point of view of the awardee. These rewards act as motivating factors in ...

    Solution Summary

    This job proves non-monetary awards as acceptable and appropriate.