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A Comprehensive Guide to Total Rewards (And How to Master It)

Vantage Circle

The most common extrinsic rewards are money and gifts. Examples of extrinsic rewards include pay, bonuses, incentives, and gift cards. These rewards can be given to employees for a job well done or encourage them to continue working. Companies use extrinsic rewards to increase employee productivity.

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AI is today’s hottest topic – but are you maximising value from your existing HR management system?

cipHR

For example, in 2020, researchers from Willis Towers Watson analysed 27 HR roles and found that 24 would be impacted by technology by 2025. One of the biggest benefits of a good HR management system is comprehensive automation of these repetitive, manual tasks – to make your team dramatically more efficient.