Full Name: Nguyễn Hồng Mai

ID Student: HS180252

Class: MKT1904

Quiz 3

1. Question 1: How do rewards increase motivation? What would happen if an organization

gave too few rewards? What would happen if it gave too many?
- Employees are the main workforce, the center of operations of a company or enterprise.
They are the people tasked with ensuring everything for the business to succeed. The failure
or success of a business depends on the efforts of its employees. Therefore, rewards are an
extremely necessary factor to promote employee productivity and effective work. Companies
must reward those who bring great value and efficiency to the company, employees who
achieve outstanding results, work performance that exceeds set goals... Rewards can be cash ,
salary increase opportunities, or job advancement opportunities... It enhances the working
spirit and creativity of employees and helps them work smarter and more effectively to try to
win their share. reward next time. Through rewards that require recognition among
colleagues, the person being recognized feels happy and proud for having done a good job,
all the effort they put in is rewarded. And it also contributes to promoting the efforts of
surrounding employees, creating a culture of competition in the company and retaining long-
term employees with the company. And it is important that the reward must be given to the
right person, for the right job. Completing any task does not mean you will receive a reward,
and the reward must depend on each individual's contribution.
- If the company does not take this part seriously and offers too few rewards to employees, it
can demotivate employees. They may refuse to work intelligently and creatively and not
work hard because they feel that their efforts and hard work are not recognized. Over time, it
will reduce employee satisfaction with the company and prevent them from staying with the
company.
- When companies and organizations give too many rewards to employees, it can make them
complacent and not put in their best efforts to achieve the set goals and productivity. Having
too much reduces enthusiasm, prevents motivation to achieve the reward, it changes the
nature of the reward. And importantly, the company will lose money because these bonuses
will increase reward costs, thereby reducing profits in the year they are earned.