LITERATURE REVIEW
2.1. BASIC CONCEPTS
2.1.1. INCENTIVES, REWARDS AND RECOGNITION
The concepts of “incentive”, “reward” and “recognition” are quite interrelated and complementary in the context of employee motivation. It is difficult to draw a line among them. The broadest category is the “incentive” which refers to any means that makes an employee desire to do better, try harder and expend more energy. It may be divided into two categories: monetary incentives and non-monetary incentives. Monetary incentives involve granting of reward in terms of money such as commissions, bonuses etc. Non-monetary or non-cash incentives do not involve direct payment of cash and they can be tangible or intangible. Some examples of this kind of incentives are; …show more content…
Recognition covers monetary and non-monetary rewards and it refers to crediting, encouraging and appreciating individuals and teams who contribute, through their behavior and their efforts, to the success of the organization. It provides after-the fact reinforcement for specific types of performance or accomplishments and emphasizes what the organization values. Moreover, it helps to create a sense of being a valued member of a successful organization. Examples of recognition are giving public praise, granting monetary and non-monetary rewards, celebrating and communicating successes etc .As in the final analysis both rewards and recognition are the means to induce action, they can be analyzed under the broad category of “incentives”. Consequently, throughout this study, the word “incentive” is used to refer to anything that motivates employees, covering reward and recognition concepts. A major discussing point for this topic would be “. When we look at the case of employees in Tamale teaching hospital [TTH], their compensation levels are lowering comparable to private in most of the well doing health institution in the private sector . On the other …show more content…
Entitlements are the fringe benefits like paid vacation, health job security and fringe benefits. In Tamale teaching hospital, there is no correlation between the performance level of employees and the amount of monetary compensation or fringe benefits they get. In other words, in return for monetary compensation and fringe benefits, what is expected from employees in Tamale teaching hospital [TTH] is just realizing the requirements of their job definition daily, nothing more? In fact, as employees in Tamale teaching hospital are guaranteed with wage / salary and fringe benefits regardless of their performance, it may even lead them to be less motivated to do their best. Conversely, in the private sector where health employees are been offer wage/salaries base on their effort and commitment ,incentives, such as non-monetary or monetary is neither here nor there, if an employee fails to exert much effort in his/her job; he/she may lose the job. Given their job security, what can drive employees in Tamale teaching hospital ,[TTH] to do more than what is expected from them? The topic of incentives will come up at this point. They help to encourage specific behaviors or goals
2.1. BASIC CONCEPTS
2.1.1. INCENTIVES, REWARDS AND RECOGNITION
The concepts of “incentive”, “reward” and “recognition” are quite interrelated and complementary in the context of employee motivation. It is difficult to draw a line among them. The broadest category is the “incentive” which refers to any means that makes an employee desire to do better, try harder and expend more energy. It may be divided into two categories: monetary incentives and non-monetary incentives. Monetary incentives involve granting of reward in terms of money such as commissions, bonuses etc. Non-monetary or non-cash incentives do not involve direct payment of cash and they can be tangible or intangible. Some examples of this kind of incentives are; …show more content…
Recognition covers monetary and non-monetary rewards and it refers to crediting, encouraging and appreciating individuals and teams who contribute, through their behavior and their efforts, to the success of the organization. It provides after-the fact reinforcement for specific types of performance or accomplishments and emphasizes what the organization values. Moreover, it helps to create a sense of being a valued member of a successful organization. Examples of recognition are giving public praise, granting monetary and non-monetary rewards, celebrating and communicating successes etc .As in the final analysis both rewards and recognition are the means to induce action, they can be analyzed under the broad category of “incentives”. Consequently, throughout this study, the word “incentive” is used to refer to anything that motivates employees, covering reward and recognition concepts. A major discussing point for this topic would be “. When we look at the case of employees in Tamale teaching hospital [TTH], their compensation levels are lowering comparable to private in most of the well doing health institution in the private sector . On the other …show more content…
Entitlements are the fringe benefits like paid vacation, health job security and fringe benefits. In Tamale teaching hospital, there is no correlation between the performance level of employees and the amount of monetary compensation or fringe benefits they get. In other words, in return for monetary compensation and fringe benefits, what is expected from employees in Tamale teaching hospital [TTH] is just realizing the requirements of their job definition daily, nothing more? In fact, as employees in Tamale teaching hospital are guaranteed with wage / salary and fringe benefits regardless of their performance, it may even lead them to be less motivated to do their best. Conversely, in the private sector where health employees are been offer wage/salaries base on their effort and commitment ,incentives, such as non-monetary or monetary is neither here nor there, if an employee fails to exert much effort in his/her job; he/she may lose the job. Given their job security, what can drive employees in Tamale teaching hospital ,[TTH] to do more than what is expected from them? The topic of incentives will come up at this point. They help to encourage specific behaviors or goals