THE POWER OF REWARDS - CASE STUDY
THE POWER OF REWARDS - CASE STUDY

Summary/Abstract: We live in a modern, dynamic and ever-changing society. Thus, the organisations, the Managers, as well as the Employees must adapt. The change is an on-going challenge, materialised through modernisation/ progress / development. The 21st century employee provides modern working spaces, state-of-the-art technology, new management and communication strategies, as well as modern employee motivating and rewarding methods. Throughout their personal or professional pathway, the individuals are motivated by certain goals and objectives they set for themselves. The Manager’s task is to identify the Employees’ reasons and coordinate them towards reaching performance. Furthermore, appropriately rewarding the Employees can lead to recording better results within the organisation they are a part of. The employees may be motivated by being granted both financial and non-financial rewards by the Employers. If, for certain employees, the financial rewards are enough, for others, receiving non-financial rewards may increase their intrinsic satisfaction. Some indicators of such are: satisfying their needs of affiliation to a group or to a team, understanding and successfully accomplishing the allocated work tasks. Receiving encouragements will lead to an increase in the Employee’s confidence, which will determine, in turn, an increase in the degree of complexity of the performed tasks, and their climbing the corporate ladder, respectively. Which are the best solutions for the Managers who wish their company survived by providing high-quality product/services, while counting on the high-quality of their employees? How are the ones staying with the firm motivated not to leave for the competition or go West, where the financial, political and social stability leads to a safer and more relaxing life? These are the focus of the case study described in the article herein.

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