The importance of rewards in the business world is to ensure the commitment of workers, win their determination, and most importantly increase their morality. However, despite the fact that all people appreciate the above mentioned importance of rewarding, there are many theories with different views on proper methods of rewarding employees.
For instance, Adam’s equity theory on job motivation is based on the belief that, a worker deserves a reward that is determined by the amount of his/her work input, and that gives a fair comparison with other workers (businessballs.com). The implication is that the rewarding criterion used by the employers or any other person giving the rewards should not only compare the amount of input that a worker gives into the business but should also compare his/her efforts with the colleagues (references). This will ensure that there is equity and justice which helps in the achievement of the objective of rewarding.
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