An essay "Total Rewards System Proposal" reports that the company is interested to increase the reputation in the market by adapting to the total rewards program (TRP). The adaptation of the TRP can help it to measure and manage the performance of the employees suitably…
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The success of the organization can strongly be influenced by the introduction of the performance management programs. Envision expects that with the introduction of the TRP system employees of the organization would be able to relate to their target in a better manner. The performance management system can help the process of total reward system (Dixon, Hayes & Stack, 2004). It can aid the establishment of the right standards of performance of the employees. After analysis of the performance of the employees, it would be easier to measure their ability to fulfill targets. Envision can judge the performance of the company and reward the employees in cash or kind. A reward can be described as an element of compensation and benefit. The term total reward includes aspects of development and learning opportunities for employees, attractive work environment along with pay and benefit packages (Dixon, Hayes & Stack, 2004). It is the strategic approach to reward used by many employers. The concept of total reward system is adapted by organizations to recruit, motivate and retain the employees and secure the business objectives efficiently. The introduction of the total reward system can help Envision to motivate the employees in a positive way. Measuring the performance of the employees and rewarding them for the same, both monetarily and in the form of benefits can help the organization to reach the business objectives effectively. Besides the monetary rewards, the non-monetary rewards like rent-free accommodation, conveyance allowance, educational allowance and medical facilities can be given by Envision to the employees. This can increase the loyalty and motivation levels of the staffs towards the company. There are a number of objectives which Envision wants to fulfill by carrying out the total reward system programs within the organization. Compensation or total reward system is an important tool for organizational success.
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Here this is generally developed based on the employment relationship of the employee and employer. Over the years one of the most challenging and difficult aspects of human resources management is retaining the employees. Over the years remuneration has been one of the main methods of motivating and retaining employees.
Here using a total rewards system can prove to be very beneficial for the company as it will help make the individuals more competitive as well as focused on the job (Thompson). The total rewards are generally aligned to the overall reward programs and the company goals, and also keep in sync with lower fixed costs and risks.
In the essay the advertisement message will be designed to introduce the different total rewards, benefits and compensation programs offered. Monetary payments such as base wage/salary, variable pay, Piece-rate, commission and bonus will be quoted so as to convince prospective employees in joining the organization.
This paper will explaines some ups and downs of an effective total rewards program, that is commonly used in business organizations. The creation of a total rewards program is discribed, as well as steps and benefits that employees get. In conclusion, author states that payments should be competitive for employees and should meet their personal needs.
Thus, one of such tools is the total rewards, which include everything for the employee to value from the relationship with the employer. Across the history, employers have been faced with questions of motivating and retaining employees, which
term standpoint and devise on particular methodologies which ask for providing more and more gains in terms of bonuses, compensations, incentives and rewards to their employees. (Tobia, 1993) The upward trend in the field of career management will continue to be like this and
The range of pay which he gets for such a stressful work is between low to average. These employees have to tolerate a lot of emotions from different clients on a day-to-day basis and this affects him/her at some point of time. So under these circumstances the management has to see to it that such employees are rewarded for a well done job or at least let them (these employees) know that their presence makes a difference to the organization.
Included are the Departments responsibilities to:
It is worthwhile to mention that efficiency of Macon Police Department is reduced over the years because of fewer personnel, low salaries, fewer chances of
A good compensation and benefits package should take note of important elements like skills and experience, job description, work conditions or environment and the nature of work. Consideration of these
2 Pages(500 words)Essay
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