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The rewards are determined by the prevailing wage rates and the organizational policies pertaining to the payments. In this regard, companies reward performance…
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Download file to see previous pages Considering this, a company may reward performance by appreciating the work of an employee or offering financial incentives to boost them. This involves teams with gifts, money, certificates or recognition of an individual effort. To ensure that employees are compensated fairly, companies should develop a compensation and rewards programs that set targets. These programs help in training employees in their required efforts and the benefits derived at the completion of the tasks (Sims 33). Companies design and administer the benefits of setting goals and drawing strategies that determine the anticipated rewards.
It is critical for large businesses to have a human resource department in order to help in the recruiting and administration of the workers. It is apparent that large businesses hire workers from diverse backgrounds because of the skills. The HR department undertakes the responsibility of ensuring that the employees meet the expectations of the firm in terms of skills and experience possessed. The HR department is also critical for large businesses because it helps in facilitating employee relations and organizational culture (Sims 38). This concerns strengthening the relationships between workers in separate departments through evaluating job satisfaction and employee engagement. Another essential aspect of having an HR department is that it enhances discipline within larger organizations. The employees must fulfill the requirements of the organization of face sanctions that may entail reduction of allowances, demotion or suspension. It is also necessary to have an HR department in large companies to provide training and development programs to the employees (Sims 39). This ensures that the workers update their skills to match the market requirements and offer high quality services in the industry. In order to improve the company, the HR department needs to create a favorable and fair environment for all the ...Download file to see next pagesRead More
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