In terms of the rewards system in the workplace, different forms of motivational strategies and rewards structure must be identifiable such as that of intrinsic rewards, social, developmental and financial.
Intrinsic rewards have to be such that they help employee stay self-motivated and not rely on external elements, regulations and more to stay motivated. The workplace is one where intrinsic motivational factors are lacking.
Social rewards such as that of a recognition form of reward, something based on merit, productivity etc. is also missing here.
Developmental rewards are incentives given to the employee on account of their training and development proficiency within the organization. However, the organization’s HR manager does not believe in training and development.
Financial rewards are the only form of rewards here, which would be given out as $5000 annual bonus the best performers and employees who don’t meet the necessary mark are let go.