Question

Which reward strategy is appropriate for companies using a human relations approach to management?

a. only intrinsic rewards are offered.
b. only extrinsic rewards are offered.
c. a wide variety of both intrinsic and extrinsic rewards are used.
d. rewards are mainly extrinsic and focus on loyalty to the organization.

Answer 1

The appropriate reward strategy for companies using a human relations approach to management is a wide variety of both intrinsic and extrinsic rewards are used.

Step-by-step explanation:

The appropriate reward strategy for companies using a human relations approach to management is c. a wide variety of both intrinsic and extrinsic rewards are used.

According to research, both intrinsic rewards (such as job satisfaction and sense of accomplishment) and extrinsic rewards (such as financial bonuses and promotions) play a role in motivating employees in a human relations approach.

Offering a variety of both types of rewards helps ensure that employees are motivated and engaged in their work.

For example, intrinsic rewards like providing meaningful work, recognition, and opportunities for personal growth can enhance job satisfaction and a sense of fulfillment.

Extrinsic rewards, on the other hand, can provide tangible incentives and acknowledge employees' contributions.