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.
Nobody downloaded yet

Total reward - Coursework Example

Comments (0) Cite this document
The bank constitutes various major departments carrying out its operations: Retail Banking Department, Business Banking Department, Investment Banking department and Corporate Banking Department…
Download full paper
Total reward
Read TextPreview

Extract of sample
Total reward

Download file to see previous pages... experienced more staff movements between Business and Retail banking and few movements between Central Support functions and Corporate Banking (Wright, 2004). The foundation of reward carried out is job evaluation and the organization has 20 grades. Due to the difficulties experienced in the Mitchell Bank, this report has been made to find solution to the problems through Total Reward. The report is to analyze the effectiveness of Total Reward in MB and come up with recommendations to promote high profitability and employees’ motivation within the bank.
Total reward as a term had been adopted to give reward strategy that come with extra components like development, learning together with factors of the working environment, into the benefits package (Armstrong & Brown, 2001). Total rewards are all the equipments accessible to the employer that may be applied in the attraction, motivation and maintenance of the employees. According to Armstrong, total reward approach benefits involve total effects of different reward types giving a deeper and progressing impact on employees’ commitment and motivation (Wright, 2004). The employment relation developed by the total reward approach applies total use of transactional and relational rewards and hence more appealing to the employees (Davis & Edge, 2004). Total reward could be financial or non-financial. Financial Reward (FR) constitutes job-based payment which gives base pay considering the job’s significance, and person-based pay that gives rewards in the merit’s shape pay that identify individual’s capability or contribution. Non-financial motivators are the intrinsic factors that concentrate on recognition, achievement, influence, responsibility and personal growth (Armstrong, 2012).
The model of total reward applied in this report Towers Perrin. Adopting this model would provide improvement on productivity and lowers staff turn over since it is more in details as compared to other models. The model assists ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Total reward Coursework Example | Topics and Well Written Essays - 2000 words - 1”, n.d.)
Retrieved from https://studentshare.org/human-resources/1697167-total-reward
(Total Reward Coursework Example | Topics and Well Written Essays - 2000 Words - 1)
“Total Reward Coursework Example | Topics and Well Written Essays - 2000 Words - 1”, n.d. https://studentshare.org/human-resources/1697167-total-reward.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Influence of Employee Voice on Pay Determination

The following three academic journal articles were selected as relevant to the topic: ‘Individual employee voice: renegotiation and performance management in public services’, ‘Workplace  industrial relations in Britain 1980-2004’, and ‘A fair globalization: The role of collective bargaining in stemming the rising tide of inequality in earnings and income’.

11 Pages(2750 words)Coursework
Human Resource 2
An organization structure refers to an organization culture, whereby all processes of an organization including responsibilities, channels of communication and authority are arranged. An organization structure is very important in any organization since it provides a chance for employees and managers to perform their jobs and it enhances the flow of work in the company.
6 Pages(1500 words)Coursework
1 - Define theories, models and concepts relating to the study of human behaviour in the work place 2 - Demonstrate an understanding of how these theories can explain the way people behave in organisations, as employees and managers; 3 - Identify and exp
Another definition by World Business Council for Social Sustainable Economic Development, (1999) defines CRS as obligation of companies and businesses to undertake sustainable economic development in their communities to improve the lives of their employees,
10 Pages(2500 words)Coursework
Sales Force Compensation
Moreover, it controls their activities and help to adapt themselves to the changes that takes place in the organization, related to products, markets and the overall business scenario (Chingos 2002). This study will evaluate the compensation plan of Hindustan
5 Pages(1250 words)Coursework
The total cost of ownership

The paper tells that in the United States, the cost of ownership varies based on the features and usability of the product. Several indirect costs often raise the value of the cost. The cost of ownership is often high in imported products since the government investigates the nature of the products thus charging various costs and duties based on the quality and features of the products.

2 Pages(500 words)Coursework
Total reward system proposal
Given the firm’s global presence, each of the management staff is proficient in speaking a variety of languages. Most importantly, Rational Holidays Hotels fully understand that policy success demands that the policies be connected, simple and leveraged. Pursuant
8 Pages(2000 words)Coursework
Team project bragging plan
The criteria for rewarding/fining employee depend on employee’s salary rate, job group and the previous date of rating the employee. The union wishes to undertake overtime schedules. That is, any worker working in a
1 Pages(250 words)Coursework
Total reward
This report highlights the present problems of the bank in a detailed way. Various solutions are also provided in this report for overcoming those problems. The key recommendations of this report are: Total rewards means the tools used in business for motivating, attracting
8 Pages(2000 words)Coursework
HRM (a joint venture )
he company has deployed on how it conducts its recruitment and selection process, how it trains and develops talent within its workforce and the methodologies that it implements in coming up with its reward system. Additionally, the report tackles issues regarding the human
17 Pages(4250 words)Coursework
Let us find you another Coursework on topic Total reward for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us