Total Reward - Findings, Discussion, Conclusion and Recommendations - Essay Example

Comments (1) Cite this document
Summary
Total Reward - Findings, Discussion, Conclusion, Recommendations Executive Summary In today’s competitive business environment, organisations need to retain their best employees in order to stay competitive. Employee job satisfaction has become a vital aspect for organisations in order to enhance the productivity…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.5% of users find it useful
Total Reward - Findings, Discussion, Conclusion and Recommendations
Read TextPreview

Extract of sample "Total Reward - Findings, Discussion, Conclusion and Recommendations"

Download file to see previous pages The study is developed on the basis of a mixed approach where both qualitative and quantitative methods have been used. In order to undertake the analysis, the opinions of respondents have been collected through questionnaire method. From the research analysis, it has been found that total rewards which comprise both the elements of tangible and non-tangible rewards can effectively impact on the job satisfaction of the employees. As different employees have different needs, thus their motivational aspects can also differ. Nowadays, only better pay is not sufficient for employees to stay in an organisation. They also desire for other forms of motivation along with tangible rewards. In this context, the total reward package enables organisations to balance organisational objectives with the requirement of individual employees from organisations which in turn lead to enhanced productivity. Table of Contents Executive Summary 2 Introduction 4 Findings 6 Discussion 21 Conclusion 26 Recommendations 28 References 30 Introduction Reward is a set of approaches which is intended for managing the human resources in an organisation. The major purpose of reward is to motivate employees to accomplish higher performance. ...
The fundamental idea of reward is to motivate greater performance through certain activities and to emphasise their reoccurrence. The consequence of reward can result in a sense of achievement which in turn can lead towards higher performance. Rewards are of two kinds which are tangible/monetary rewards and non-tangible/non-monetary rewards. Tangible rewards are pay, incentives and compensation among others which are the basic conditions for employees to work in an organisation. On the other hand, intangible rewards are those which can lead to motivation of employees towards high performance such as recognition, better work culture and training and development among others. Together tangible and intangible rewards can generate job satisfaction for the employees. Job satisfaction occurs when an employee receives those facilities which he/she expects from an organisation. There is significant relationship that exists between job satisfaction and reward provided by an organisation. Rewards act as a basis for job satisfaction of employees. However, significant differences exist among the employees about expectations from an organisation. Thus, the aspect of job satisfaction within the employees can also be differing according to demographic factors such as age, gender and psychographics variables. Due to this reason, the term total reward has gained much acceptance among organisations in order to ensure better job satisfaction and enhance productivity (Flamholtz, 1996). The total reward includes all elements of rewards which are useful for enticing, encouraging and retaining employees. It is aimed at providing all employees a positive work environment where they can put much effort towards accomplishment of organisational objectives. In present days, total ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Total Reward - Findings, Discussion, Conclusion and Recommendations Essay”, n.d.)
Total Reward - Findings, Discussion, Conclusion and Recommendations Essay. Retrieved from https://studentshare.org/management/1399916-total-reward-findings-discussion-conclusion
(Total Reward - Findings, Discussion, Conclusion and Recommendations Essay)
Total Reward - Findings, Discussion, Conclusion and Recommendations Essay. https://studentshare.org/management/1399916-total-reward-findings-discussion-conclusion.
“Total Reward - Findings, Discussion, Conclusion and Recommendations Essay”, n.d. https://studentshare.org/management/1399916-total-reward-findings-discussion-conclusion.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ha
hammesmona added comment 1 year ago
Student rated this paper as
I didn’t know how to start my essay. "Total Reward - Findings, Discussion, Conclusion and Recommendations" helped me out a lot! Especially the list of resources was valuable.

CHECK THESE SAMPLES OF Total Reward - Findings, Discussion, Conclusion and Recommendations

Total reward -Job Satisfaction

...of the Business of the Concerned June Total Reward- “Job Satisfaction” What is needed in a Reward Package to makeit Motivating? - A Literature Review To put it in a few words, Total Rewards pertains to all the tools that an employer has at one’s disposal, which could be used to attract, retain and motivate employees. Total Rewards approach takes into cognizance all the factors and attributes that are the direct outcome of an employment relationship, which are perceived by an employee to be of value (Fitz-Enz 2009, p. 113). The objective of the Total Rewards approach is to optimize the...
5 Pages(1250 words)Literature review

Employee Reward (Executive Reward)

...?Employee Reward Table of Contents Table of Contents 2 Introduction 3 Executive Compensation 3 Literature Review 7 Analysis & Discussion 10 Conclusion & Recommendations 13 Reference List 14 Introduction Executive Compensation Executive compensation (EC) also known as financial compensation is received by a compensation officer of a firm. The compensation includes salary, bonus, shares, company’s stocks, perquisites and other forms of benefits (CIMA, 2010). Executive compensation is also regarded as a total rewards umbrella and also the company’s strategy as a whole (CIMA, 2010).The executive total reward...
11 Pages(2750 words)Essay

Conclusion and Recommendations

...or education up to diploma level as compulsory to all children even to other non native children living in their locality. The data which was provided in the previous papers shows that conducting surveys will not bring about a complete result either to find out the appropriate reason behind the drop outs or to get some knowledge on refining the educational system. The recommendations would be that of bringing a reform in the educational system without any interruption by the race related problems or general social problems. The educational system varies according to different states. Some states do provide a diploma for all youngsters provided they complete certain special training in education....
3 Pages(750 words)Essay

Total Reward (Google)

..., valet parking and free meals. A total rewards programs helps employees to feel motivated and valued. It helps them feel that their organization really cares about them and about their welfare. A study that was carried out by Batt (2002) to examine the relationship between the quit rates of employees in call centres and their organizational performance to the kind of human resource reward practices that were being used at the firm. The findings in this study showed that quit rates were lower and there were high levels of sales growth in those call centres where employees participated in decision making and were offered HR incentives such as job security and high levels of pay. Since there is a great demand for talented employees... ...
2 Pages(500 words)Essay

Total Reward

...Total Reward         Introduction: Today, in this dynamic world we find that the perceptions and views of people are changing because of the changes in the external environment. It has been found that workforce management is the key towards competitive advantage than technology or patents. (Pfeffer, 1994). The changing external environment is also having an impact on the working environment. The expectations and the demand of the work force have changed with time. The quality of workforce today has improved significantly, which has lead to increased expectations in terms of salary, growth opportunities, and good working environment. Moreover, employees are expecting limited working hours...
8 Pages(2000 words)Essay

Greenpeace: Key Findings and Recommendations

Furthermore, the discussion of this paper will also highlight on various marketing mix strategies that Greenpeace evaluates in its large numbers of environmental prevention efforts. From the analysis of Greenpeace and in relation to its range of non-profitable services across the world, it can be recognized that the organization is playing an outstanding role to protect nature from global warming. The non-governmental organization is significantly extending its number of services across various regions in order to prevent different kinds of anti-environmental activities that are conducted. Therefore, in the context of a brief analysis about Greenpeace, the major findings and the recommendations related to this non-governmental org...
3 Pages(750 words)Assignment

Conclusion and recommendations

...Conclusion and Recommendations Conclusion Green Kitchen offers cleaning products that are environmental friendly. Such products attract interest of many customers. The organization is going to be catering a niche market as many organizations do not promote themselves as environment friendly products. Consumers all around the world can be persuaded to buy greener products for the safety of health and environment of the consumers. Green Kitchen analysis has been done based upon the market potential and growth for green products. The target market analysis has resulted in the fact the mothers are the main buyers of kitchen cleaning products, hence they need to be convinced that buying green...
2 Pages(500 words)Research Paper

Total reward system proposal

...Managing a Total Rewards Program College Organization Overview This document will discuss the total rewards program for Rational Holidays Hotels, a leading multinational foodservice retailer that has locations in seventeen different countries. The organization has an employee base of 20,000 professionals, who are effectively managed by 2000 individuals. 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. Total Rewards...
8 Pages(2000 words)Coursework

Total reward

...Total reward Contents Contents 2 Executive Summary 4 Introduction 5 Best practice of similar organisations 5 Royal Bank of Scotland (RBS) 6 Ernst andYoung (E&Y) 6 Analysis 7 Company division 7 Individual businesses 7 MB staff attitude 8 Total Rewards Model 9 FR, NFR and PM of Mitchell Bank 10 Recommendations 11 Implementation of recommendations 11 Conclusion 12 References 13 Executive Summary This report discusses various issues of Mitchell Bank which affect its profitability and reputation in UK market. Presently the business of this bank is in a bad shape. The firm needs to reduce its cost and improve...
8 Pages(2000 words)Coursework

Total reward

...also 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. 2.0 INTRODUCTION Total...
8 Pages(2000 words)Coursework
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 Essay on topic Total Reward - Findings, Discussion, Conclusion and Recommendations for FREE!

Contact Us