In many cases different type of rewards has different type of effects on different organizations.
We have four types of rewards systems practice by organizations
1. Preference base vs. membership reward system.
2. Financial vs. nonfinancial reward system.
3. Work place issues: job enrichment.
4. Intrinsic vs. extrinsic reward system.
In Harrods case intrinsic reward system is practiced it has many positive effects on the organization.
The employee of Harrods has a great response by their job activities to the organization. Reward system has a great effect on organization achievements and employee effectiveness in their work and doing their task efficiently. The intrinsic reward system has a very good effect on employees. Employees has opportunities