English to German Bus/Financial Management

Kontext: Management- und HR-Glossar


Benefits
Any advantage that is provided by an employer in addition to salary with or without financial or tangible value. Benefits often include tangible cash bonuses, tangible non-cash rewards and intangible rewards.

Cash Reward
Any financial reward, including cash and cash equivalents (for example, stock options).

Incentive
An incentive is typically presented beforehand to motivate a person to act or exhibit a specific behavior. An incentive is used to motivate future behavior, while a reward is given based on past behavior. In this light, incentives become rewards when employees receive them. Hence, incentives can be constituted of more than one reward type. For example, an employer may choose to incentivize its sales cycles with a cash reward (e.g., a bonus) or a tangible non-cash reward (e.g., travel), and an intangible reward (e.g., written recognition).

***Intangible Return***
Any intangible and non-financial measure of effectiveness. This includes improvements in employee morale and engagement, customer satisfaction, and citizenship behavior. Although more difficult to measure and assign a dollar value, and less commonly assessed, these returns are significant and should be incorporated in a company's Return on Investment analysis.


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