Employee motivation and Incentives Coursework Example | Topics and Well Written Essays - 500 words

Employee motivation and Incentives - Coursework Example Positive recognition is another very important factor, if an employee comes up with a great solution to a problem, he should be rewarded and appreciated for his creativity, this will also make the organization competition and the other employees will also put their thinking caps on. The fourth and the last method is by providing stock options to the employees, they will not only work for the same organization but they will start going that extra mile to ensure their growth, these are some of the best ways to hold on to employees who perform well in an organization. The most lucrative of all is the employee stock option, employees start working very hard after buying the shares of an organization and that organization grows by leaps and bounds. Part 2: The most common type of compensation is salary, almost every organization compensates its employees by paying them their salaries, organizations who think out of the box give their employees regular performance related bonuses which is the second type of compensation.