ABSTRACT
This chapter focuses on: Defining reward and what it means in one’s company, Ideas for financial and non-financial rewards and Being clear about what one want to reward. It discusses smaller companies have certain characteristics which give them advantages over larger companies. Generic reward systems may be fairer and easier to administrate, but more personal reward systems may be more effective. There is a school of thought that it should be reward enough to work in an environment that enables one to express their creativity. It is almost as if creativity is a calling or vocation. The old-fashioned image of a painter slaving away in his garret comes to mind. One can develop their standard reward structure around salary, financial and non-financial benefits as set down in their contract of employment. They have the opportunity to offer discretionary rewards to those who have acted and beyond the role for which they were hired.
