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Gems N Gold Bhd manufactures and distributes jewellery and precious stones and metals to the local market. The company offers sumptuous monetary, non-monetary and eyen
Gems N Gold Bhd manufactures and distributes jewellery and precious stones and metals to the local market. The company offers sumptuous monetary, non-monetary and eyen psychological payments for its employees in exchange for the excellent work they perform. Most of the reward schemes given to employees are dependent on their job performance. Among the types of rewards schemes giyen include pieceworlt schemes, indiyidual performancerelated pay schemes. group performance-related pay schemes and also gainsharing schemes. Required: Discuss the significance of the four {4] types of rewarding schemes mentioned ahoye with detailed examples from each type as a positive contribution to the desired performance
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