😊 *Employee feedback and reward system [CAIIB ABM]* 📘 *Overview* *Purpose:* Enhance performance and engagement through employee insights and recognition. *Goal:* Foster open communication and continuous improvement 🤝. 🗣️ *Employee Feedback System* *Mechanisms:* Performance Reviews 📊 360-Degree Feedback 👥 Surveys & Suggestion Boxes 📝 Benefits: Boosts transparency & trust 🌟 Identifies growth areas 🔍 *🎖️ Reward System* *Components:* *Monetary Rewards:* Bonuses, incentives 💰 *Non-Monetary Rewards:* Recognition awards, career development 🏆 *Advantages:* Increases morale & productivity 🚀 Retains top talent 🔒 Aligns individual and organizational goals 🎯 🏦 *Banking Relevance* Operational Excellence: Motivated employees enhance customer service and efficiency. *Competitive Edge:* Engaged teams drive innovation and sustainable growth.