quora
Nobody downloaded yet

New and Improved Rewards at Work - Research Paper Example

Comments (0) Cite this document
Summary
Business leaders are involved in activities that offer them competitive advantages and increased market share in the present dynamic business environment. It is evident that businesses are usually keen about what their competitors are doing with an aim of doing better than them…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.5% of users find it useful
New and Improved Rewards at Work
Read TextPreview

Extract of sample
"New and Improved Rewards at Work"

Download file to see previous pages The most important goal for an employment compensation strategy is to offer better rewards for right employee actions for success of the company. In order to make competitive compensation packages for employees, companies need to consider what their rivals are offering so that they do not end up running into losses by offering more than the equilibrium package in the industry or offering less than the minimum, because this will make it impossible for them to recruit and retain staff.
Best packages are sometimes those that are preferred by employees while at the same time appear to be competitive in the particular industry. One advantage with compensation schemes is that they are able to underpin organizational culture, something that is highly desired by companies. The government governs every aspect of employee compensation within the public sector. In many instances, this leaves no room for innovative ideas towards formulation of important compensations schemes. Companies that are highly innovative in engaging their employees record high returns that are sometimes double those of rival companies which do not engage their employees adequately (Pollitt, 2081)
The first way to creatively engage your skilful employees is by putting them in a position where they can have direct contact with consumers of their products. In many industries, employees design products and dispatch them for sale, yet they have no idea about the impact of the products on the lives of their end users (Grant, 2007; Grant, 2008). A good example is the automotive industry where automotive engineers design cars of all kinds worldwide but they never gets the chance to have direct feedback from drivers of the cars, authors as well compose many pieces of literature to millions of faceless readers but never meets them for feedback.
Meeting end users as a product developer has been known to enhance prosocial motivation as well ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“New and Improved Rewards at Work Research Paper - 2”, n.d.)
New and Improved Rewards at Work Research Paper - 2. Retrieved from https://studentshare.org/human-resources/1633663-new-and-improved-rewards-at-work
(New and Improved Rewards at Work Research Paper - 2)
New and Improved Rewards at Work Research Paper - 2. https://studentshare.org/human-resources/1633663-new-and-improved-rewards-at-work.
“New and Improved Rewards at Work Research Paper - 2”, n.d. https://studentshare.org/human-resources/1633663-new-and-improved-rewards-at-work.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The impact of new technology on family and work
This paper clearly shows that technology is very important both at work and in family set up since it eases life by performing tasks, which might otherwise prove difficult. Computers, cellular phones, automated machines among others have made life simpler and cheaper, thereby increasing standard of living, and well-being.
10 Pages(2500 words)Research Paper
Motivation: An Investigative Study on whether Intrinsic or Extrinsic Rewards acts as a better Motivator
The group becomes more effective and successful when their goals are accomplished through employee motivation, satisfaction, and commitment which influence majority of organisational outcomes (Manolopoulos 2008). Most often, these components all make an impact on their attitudes
18 Pages(4500 words)Research Paper
The History of Work
This piece of work gives a discussion of the history of work touching on the major changes that have been experienced from the ancient times to present. Work is a concept that has evolved from the beginning of humankind to present in relation to what
7 Pages(1750 words)Research Paper
Improved Effectiveness Through Collaboration
It is obvious that poor collaborative skills play the role of the biggest hurdle in the success of a person as a leader. An influential and
6 Pages(1500 words)Research Paper
Total Rewards System Proposal
Company A’s business achieves its main source of power in human competencies. The industry focuses on the strength of skilled and dedicated workers to create variation in the value of the service provided in the market. The
7 Pages(1750 words)Research Paper
HR Case Study of Motivation, Compensation and Rewards
It is a multinational company that serves customers from various countries the company was started in the 1930s and since then it has seen an improvement in technology, which has led to the realization of a challenge in the operation of the
9 Pages(2250 words)Research Paper
Compensation, Rewards, and Incentives
nd reward programs to assist its employees to build a solid and stable financial foundation in order to facilitate them to meet their assorted needs including income protection, healthcare, personal interests along with retirement security. All the employees within the
1 Pages(250 words)Research Paper
The New Improved Iphone by Apple Co
The iPhone contains a range of compatible features for the United States’ upper and middle class. With the entry into the market, the company strives towards being the number one phone product providers in the United States. Market Segmentation The iPhone 4 has a collection of user friendly components, favorable for a wide range of clients segment.
3 Pages(750 words)Research Paper
Work Motivation Theories
Work Motivation Theories Introduction Motivating employees is very important in ensuring that they contribute to the success of the organization. Motivation resulting from equitable treatment of employees has been attributed to the increasing creativity among employees.
10 Pages(2500 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Research Paper on topic New and Improved Rewards at Work for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us