A financial reward refers to a monetary benefit or compensation provided to individuals or groups for achieving specific goals, demonstrating outstanding performance, or contributing significantly to an organization. These rewards are designed to motivate and incentivize individuals by offering tangible monetary benefits.
Financial rewards are commonly used in business settings to enhance employee motivation, improve productivity, and align individual goals with organizational objectives. They can take various forms, such as bonuses, commissions, profit-sharing, or performance-based pay.
For example:
The company offered a financial reward to employees who met their quarterly sales targets, which significantly boosted morale and productivity.
He received a financial reward for exceeding his sales targets for the third consecutive quarter.
She was delighted to discover that her novel had won a prestigious literary prize, along with a generous financial reward.
The successful completion of the challenging task earned them a substantial financial reward.
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