This paper says that reward management and strategies in an organization serve as one of the prime motivating factors to let people work to their fullest. In the employment relationship, reward serves as the token of appreciation for the value created and delivered by employees. …
Download file to see previous pages...
Figure 1 Applying the principles of total reward strategy into reality, Taj Group devised the STARS (Special Thanks And Recognition System) as an attempt to appreciate the excellent performers and making employees happy by recognizing their efforts and contribution made to the organizational success. STARS was more inclined towards fostering a spirit of cooperation, motivation and excellence by introducing more of intrinsic rewards than cash awards. STARS as such, worked as a five-level strategy where employees earned points for their acts of kindness, hospitality and teamwork (Chandran 2003). Based on the accumulated points, employees were put into silver, gold, platinum, etc. grades and were applauded in public. An overview of the nature of reward system and its components at Taj are shown in table 1 below: STARS Level 1 Level 2 Level 3 Level 4 Level 5 Grade Silver Gold Platinum Chief Operating Officer’s Club Managing Director’s Club Points 120 130 250 510 >760 Time limit 3 months Within 3 months of attaining silver grade Within 6 months of attaining gold grade SPECIFIC FEATURES OF STARS Receipts Only recognition, no cash awards Acts Honesty, kindness, leadership, teamwork, etc. Gathering points Positive feedback or appreciation received either from colleagues or customers Rewards Hampers, vouchers, free vacation sponsored by Taj Group, etc. Recognition Award giving ceremony to highest point earners and public display of their photographs. Table 1: Components of STARS at Taj Group The incorporation of STARS fulfills the basic underlying principles of reward management. As Taj Charter says, its people philosophy is orchestrated to make employees feel important and special while working at Taj (Chandran 2003). Its core principle remains to attract,...
This paper approves that reward management facilitate employees remain stuck to the organization’s vision of quality, responsiveness and assurance. Cross-functional teams which are the talk of the town also perform well when total rewards strategy is put in place.
Reward management even establishes a sense of equity amongst employees whereby they feel that efforts of every single person are appreciated proportionately. The research conducted on Le Meridian’s Hotel of practicing reward management as one of its core HR strategy put forth many positive findings, major of which was employees ranking high on their health and energy aspect.
This essay makes a cocnclusion that Taj Group has no doubt innovated in its human resource adaptations and aligning its business objectives with that of people objectives. It thrusts on people-oriented culture rather than work or profit oriented one. This is the reason behind its immense success and expansion spree worldwide. Same feat is replicated by Le Meridian Hotel in Mauritius which is also known for its top class quality and service delivery. The commonality between both remains their people strategy and inclusion of a total reward component in their HR dimension to retain their best talent.
Both these hospitality giants present an example of how recognizing and appreciating the efforts of people can garner unimaginable benefits and growth prospects to a service business. Though sustaining on such philosophies and making them happen against set standards remain risky, yet what these two have done is commendable and should be followed by others in the industry.
...Download file to see next pagesRead More
Cite this document
(“Human Resource Managment Essay Example | Topics and Well Written Essays - 2000 words - 1”, n.d.)
Retrieved from https://studentshare.org/human-resources/1410937-human-resource-managment
(Human Resource Managment Essay Example | Topics and Well Written Essays - 2000 Words - 1)
“Human Resource Managment Essay Example | Topics and Well Written Essays - 2000 Words - 1”, n.d. https://studentshare.org/human-resources/1410937-human-resource-managment.
According to the paper the human resource management also focuses on the development of the team of workers this is beneficial for the organization. The human resource focus is to enable the workers to work to the maximum level of efficiency. Personnel management entails the administrative task which involves the both routine and traditional. Personnel management provides a response the concerns and demands as they are presented.
According to the paper the primary questions that an HR audit delves on are the efficiency of the health and welfare systems, resource allocation, adherence to safety norms and employee relations. The company is lacking in promptly coming out with apt and favourable health and welfare policies and of course the competitors are taking ample advantage of this shortfall by stealing the skilled and experienced employees.
Do you agree or disagree? Why? Introduction Internal promotions versus external recruitment are a common problem that organizations face. The time tested traditional approach was to train and develop suitable employees to take on new responsibilities. In the modern world where haste in business processes with the objective of becoming more competitive can be seen in aggressive organizations, tradition has been thrown out of the window and external recruiting has become the rule of the day.
The employees of an organization are vital for the growth and performance of the firm and hence their commitment cannot be ignored. It is important that employees remain committed to company's targets and goals and hence personnel management has developed into one of the core concepts of business management.
According to the paper Human resource Management is very essential for successful running of an enterprise. It ensures proper use of physical and human resources by deriving the best results. It leads to efficient performance and higher productivity. Human Resource Management is very essential for every organization to make productive use of human physical and financial resources or the achievement of the organizational goals.
According to the paper to ensure harmonious working among various groups in the organization, training programs to bring about proper awareness of the benefits of multicultural working, and to bring about attitudinal changes, where required, need to be conducted. Employees should be oriented towards achieving the goals of the company and targets set to them in order to make these the focus that will override the cultural differences and prejudices.
Sales and marketing is not an as easy job for the employees as targets are the order of the day and failure to achieve one's targets almost always leads to imminent dismissal or low income. The firm, therefore, needs to come up with ways that will ensure that employees achieve their target with relatively manageable difficulty
According to the paper the human resources employed by GS Plumbing are being poorly managed and scheduled, resulting in employees resorting to cash-in-hand work after hours, by exploiting the company equipment and inputs. The employees are flouting the reporting procedures regarding safety, which may eventually lead to serious union problems.
Chicago Black Renaissance movement was a source of great inspiration in the world of art. According to Collins, the South African–Americans contributed to the urban culture of visual and the performing arts (45). This group also established music
He states, “The history of our nation tells us that every action taken against the freedoms of conscience and expression, against equality before the law and equality of opportunity ….. is an action taken against the American
3 Pages(750 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Human Resource Managment for FREE!