Which of the following statements is most accurate regarding the reward strategy?
A) The reward system is the blueprint for creating the reward strategy.
B) Intrinsic awards alone will not motivate the needed behaviour.
C) Determining the mix of rewards to be provided is an easy process.
D) Various combinations of intrinsic and extrinsic rewards need to be considered for developing the optimal reward strategy.

Question

Quizplus · Accepted Answer

The most accurate statement regarding the reward strategy is that various combinations of intrinsic and extrinsic rewards need to be considered for developing the optimal reward strategy. Option A is incorrect as the reward system is a part of the reward strategy and not the blueprint for creating it. Option B is incorrect as intrinsic rewards can also motivate employees, but a mix of intrinsic and extrinsic rewards is optimal. Option C is incorrect as determining the mix of rewards is a complex process that requires careful consideration of the organization's goals, culture, and employee preferences.

Which of the Following Statements Is Most Accurate Regarding the Reward