Setting effective goals in cash reward schemes

Numerous employers misguidedly believe that throwing money at employee motivation problems will inevitably solve staff challenges and dissatisfaction. FILE PHOTO | SHUTTERSTOCK

Numerous employers misguidedly believe that throwing money at employee motivation problems will inevitably solve staff challenges and dissatisfaction.

However, despite more money available as possible rewards, employees often fear complicated and unclear goals to achieve the cash in new monetary compensation schemes because, in reality, staff might actually take home less money per month.

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Note: The results are not exact but very close to the actual.