Employee Reward Schemes - Coursework Example

After examining the potential impact of introducing a performance related pay in a German public service, Shmidt, Trittel and Muller (2011) found out that the use of different types of performance related pay schemes can lead to different effects in terms of public sector employees' work motivation and performance and that a highly selective performance related pay will never work in government offices.... As a common knowledge, the public sector employees will be affected by the new pay and reward scheme....

Unlike the profit sharing or bonus pay schemes, it allows the employer to differentiate between performances of employees.... While there are several programs and schemes are developed to reward overall performance of employees, merit pay offers compensation for strong performers.... The development of a reward scheme is integral to the success of human resource management.... The article discusses the issues of motivation by evaluating the various reward strategies employed in organizations....

Other companies struggling to find more enhanced methods of motivation have begun considering and developing reward schemes, which essentially involves offering high-performing employees instant rewards such as vouchers to local retailers or promising a bonus if certain target goals are met or exceeded.... Research question and objectives This proposed study research question seeks to uncover whether today's employees in the UK are motivated more by reward schemes or individual performance recognition' This study maintains two distinct objectives:Identify the perceptions of a wide variety of different employees, in different industries, regarding what they would consider to be an acceptable reward scheme to boost individual motivation....

Aside from this, Gantt also focused on developing motivational schemes, reward systems, methods of measuring efficiency as well as the importance of leadership qualities and management skills in building effective industrial organizations.... ("Professional Development in Private Sector") Gantt's influence on wage incentive and training schemes is still remarkable until now.... (Knoedler) In terms of employee training, Gantt disagreed with Taylor's vision that the purpose of training was primarily to assist employees in learning and perfecting rudimentary tasks....

The next level is the experienced beginner whereby this employee has the ability to incorporate aspects from a given situation.... It involves the incorporation of various elements such as behavior, skills and knowledge about that particular task and this are combined to enhance the performance of… In general terms, competence can be said to be the condition of excellence and being sufficiently capable and also having the aptitude to execute a particular undertaking....

The following paper entitled 'The Terms of Employees' Payment' presents the existing pay and reward package of engineers in the specific organization that has been developed through negotiations between the employer and the engineers' union five years ago.... In the case of pay and reward pay package of engineers a significant dilemma appears: is this package fair, taking into consideration the changes developed in the organization since its introduction?... In other words, the terms of engineers' pay and reward have been arranged in this way mostly because engineers had to visit the depot many times each time, a fact that would reduce their free time for making calls to sites....

This paper "Increase Work Motivation through Employee Reward Schemes" focuses on the fact that work motivation is an important element within any organization.... The Employee Reward Schemes and programs are the best mechanisms in place which look after the rights of the employees on a regular basis.... The Employee Reward Schemes and programs guarantee that the employees have no issues with their work manifestations.... This paper will discuss the basis of the employee reward programs and schemes as these pinpoint the significant areas within the work motivation and encouragement realms....

Companies offer individual performance pay schemes in the form of fixed wage or performance related bonus.... Various research scholars have pointed out that pay… Organizations need to create value for money reward system in order to motivate workers to perform well (ACAS, 2005).... Research scholars have described bonus scheme as self financing method which provides reward to employees with an intention to motivate them to perform well....