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Employee Incentive Strategies and its Benefits to Standalone Restaurants in Pune

ATITHYA: A Journal of Hospitality

Volume 1 Issue 1

Published: 2015
Author(s) Name: Dhananjay P. Kshirsagar, Suraj Mhashilkar | Author(s) Affiliation: Savitribai Phule Pune Univesrity, Pune, Maharashtra, India.
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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

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