Answer
See explanation
Work Step by Step
1. This observation is convincing and sensible. Extrinsic motivators can stop being effective once the goal for which they were introduced has been achieved. To elaborate, if bonuses are introduced to encourage impressive performance, employees will be encouraged to work hard to earn the bonuses. However, suppose the bonuses are taken away once the target revenues have been achieved and the issuance of bonuses has stopped. In that case, employees may relax and stop working hard because they are assured of salaries.
2. My motivation strategy is to focus on offering fair rewards to everyone. Rewards will ensure that they put significant effort into their assignments. The rewards will be designed to be sustainable so that making an effort will be continuous in the lives of all employees. Moreover, the rewards will be designed to ensure that quality is not interfered with while pursuing revenues, such as increased revenues.
3. Financial incentives are the foremost way of compensating workers. They are the main form of compensation that cannot be substituted. Effective use of financial incentives ensures that all employees are rewarded fairly for their input. The financial incentives should be consistent and applicable for them to offer motivation in the long term.
