Which are the various employee reward systems?

Employee reward systems can vary widely, but they generally fall into three main categories: monetary, non-monetary, and recognition-based rewards. Monetary rewards include salaries, bonuses, and profit-sharing plans. Non-monetary rewards encompass benefits such as flexible work arrangements, professional development opportunities, and wellness programs. Recognition-based rewards involve acknowledging employees' achievements through awards, public recognition, or employee-of-the-month programs, fostering a culture of appreciation.