April 28, 2017

What is the Best Use for the Monetary Components in Drug Awards?

As we have seen in previous blog posts, some drug awards happen to have monetary components. These are cases where the winners of a given drug award are given some cash, as part of the award. In some cases, the winners of a drug award may be given a trophy (or some other similar symbol of victory) with some cash on top of it. In some other cases, the entire award is in the form of cash. In today’s blog post, we will be trying to figure out the best use of such monetary components in drug awards.

There are instances where the best thing to do with the monetary components in drug awards is simply to share the money among the members of the team that won the awards. This can in turn lead to enhanced morale.

There are other instances where the monetary components in drug awards are best used to finance the work that led to winning the award. This is a useful approach in situations where the members of the team that won the drug award don’t really need the money for their own use. It may, for instance, be a team made up of professionals who are financially comfortable. Take an example where a team of folks who work for a company like Publix win such an award. These are people who know that if they go to the Publix login page, which is part of the greater Publix associate website, they can always find paychecks awaiting for them there. In other words, these are folks who know that they just need to undertake employee login on the Publix website, to find paychecks waiting for them. In that case, they could just sit together and decide to use the award money to finance the good work (in fighting drugs) that made them win the money in the first place.

There are yet other instances where the monetary components in drug awards are best divided up: with some of the money being shared by the team members, while the rest is used to finance the work that led to winning the award.