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Employee Incentive Strategies and its Benefits to Standalone Restaurants in Pune


Affiliations
1 AISSMS College of Hotel Management & Catering Technology, Savitribai Phule Pune Univesrity, Pune, Maharashtra, India
2 Savitribai Phule Pune Univesrity, Pune, Maharashtra, India
     

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This paper describes the Employee incentives strategies adopted by Standalone restaurants (existing more than 3 years) in Pune. Rewards&Incentives have benefits for both employees and employers. It is believed that when recognized for performance and productivity, employees have increased morale, job satisfaction and involvement in organizational functions. As a result, employers experience greater efficiency and an increase in sales and productivity. Through workplace rewards and incentives, employers and employees enjoy a positive and productive work environment. This study emphasizes on whether Standalone restaurants in Pune do make use of Incentive strategies and its benefits to the restaurant owner.

Keywords

Incentive Practices, Monitory & Non Monitory Benefits, Benefits to Business.
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  • Employee Incentive Strategies and its Benefits to Standalone Restaurants in Pune

Abstract Views: 216  |  PDF Views: 0

Authors

Dhananjay P. Kshirsagar
AISSMS College of Hotel Management & Catering Technology, Savitribai Phule Pune Univesrity, Pune, Maharashtra, India
Suraj Mhashilkar
Savitribai Phule Pune Univesrity, Pune, Maharashtra, India

Abstract


This paper describes the Employee incentives strategies adopted by Standalone restaurants (existing more than 3 years) in Pune. Rewards&Incentives have benefits for both employees and employers. It is believed that when recognized for performance and productivity, employees have increased morale, job satisfaction and involvement in organizational functions. As a result, employers experience greater efficiency and an increase in sales and productivity. Through workplace rewards and incentives, employers and employees enjoy a positive and productive work environment. This study emphasizes on whether Standalone restaurants in Pune do make use of Incentive strategies and its benefits to the restaurant owner.

Keywords


Incentive Practices, Monitory & Non Monitory Benefits, Benefits to Business.