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A patient gives her a 100. Bill for a job well done”

A patient gives her a 100. Bill for a job well done”

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Ans) Financial reward has its place, but the annual bonus is shown to only create positive impact on morale and output for four weeks after its given. That means for eleven twelfths of the year, that highly expensive programme means nothing. By offering high-frequency, low value rewards that appreciate good work (a nice coffee, a gift card, ice cream) you can create psychological income for your people, which research by Globoforce shows to create higher impact than financial income alone. Of course, if something monumental is achieved, it should be rewarded monumentally, just don’t always think money first.

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