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Organisations can choose to reward employees individually or as members of a group.Why is it useful for organisations to think in terms of using both types of reward?
Financial Contributions
Monetary support or donations given by individuals or entities to support a cause, project, or organization.
Severance Pay
A compensation package offered to an employee by an employer upon termination of employment, often based on length of service.
Permanently Laid Off
A situation where an employee is dismissed from their job without the expectation of being rehired, often due to organizational restructuring or economic downturns.
Registered Retirement Savings Plans
A type of Canadian account for holding savings and investment assets, aimed at savings for retirement.
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