StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Performance and reward management systems at Nestl Australia Ltd. (NAL) - Research Paper Example

Cite this document
Summary
(NAL) were investigated via a combination of interviews, surveys, analysis of the company intranet and a review of relevant theory via perusal of appropriate texts and/or articles.
The author thanks…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.4% of users find it useful
Performance and reward management systems at Nestl Australia Ltd. (NAL)
Read Text Preview

Extract of sample "Performance and reward management systems at Nestl Australia Ltd. (NAL)"

Download file to see previous pages

(NAL), a wholly owned subsidiary of the Nestlé Company of Vevey, Switzerland. NAL operates 14 factories throughout Australia, employs 5,000 people and generates sales of A$2 Billion/annum. It manufactures and markets a diverse range of products from Maggi sauces and powders to Milo powdered beverage modifiers. “Nestlé Australias objective is to implement policies which promote the best utilisation of its human resources in order to ensure optimum productivity and efficiency while also satisfying and meeting employees needs and expectations”.

The words of NAL’s CEO Graham Campbell resonate throughout the organisation on a daily basis. This is particularly true of the department that is at the centre of employee engagement and utilisation: Team HR. The HR department within NAL consists of approximately 65 professionals spread out across all factories, distribution centres and the Head Office located in the Sydney suburb of Rhodes. Team HR is lead within Australia by the HR Director, who reports directly into the CEO of NAL. In the words of Jennifer Jones (HR Business Partner or HR BP, NAL) “The purpose of the Human Resources (HR) team is to increase Nestlé’s competitive advantage through People - by having engaged and talented individuals at the right place at the right time, driving business success”.

Team HR consists of 3 distinct groups: 3. Centres of Excellence (CoE) in recruitment, talent and capability, reward & remuneration and employee relations. These are specialised sections of Team HR that focus on one area of knowledge and expertise. As one of the six core business units within NAL, the Human Resources department is involved in all stages of the development of the organisations’ business strategies. According to Jennifer Jones (HR BP, NAL), “The level of involvement of HR personnel in determining the goals and objectives for each of the business units is very impressive and certainly greater than any organisation I

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Performance and reward management systems at Nestl Australia Ltd Research Paper”, n.d.)
Performance and reward management systems at Nestl Australia Ltd Research Paper. Retrieved from https://studentshare.org/miscellaneous/1572687-performance-and-reward-management-systems-at-nestl-australia-ltd-nal
(Performance and Reward Management Systems at Nestl Australia Ltd Research Paper)
Performance and Reward Management Systems at Nestl Australia Ltd Research Paper. https://studentshare.org/miscellaneous/1572687-performance-and-reward-management-systems-at-nestl-australia-ltd-nal.
“Performance and Reward Management Systems at Nestl Australia Ltd Research Paper”, n.d. https://studentshare.org/miscellaneous/1572687-performance-and-reward-management-systems-at-nestl-australia-ltd-nal.
  • Cited: 0 times

CHECK THESE SAMPLES OF Performance and reward management systems at Nestl Australia Ltd. (NAL)

Reward Systems and Performance Management

Performance Management and reward System Introduction The term reward system is now taking roots in many organizations throughout the world to increase its performance and efficiency and to gain a competitive advantage against its peers.... This is also referred as performance management, as the outcome is effectively increased by regulating the performance of the workers (Armstrong, 2002).... The basic aim of reward system and performance management is to increase the overall productivity and efficiency of the organization....
5 Pages (1250 words) Term Paper

Motivation, Rewards Systems, and Employee Performance

There is a strong relationship that exists between motivation, performance and reward systems in any social set up and the business organizations in specific.... It employs for attitude and trains for skill, and this is one factor that has boosted the exemplary performance and an unmatched competitiveness in the industry and the corporate world at large.... Name Instructor Course Date Motivation, Rewards systems and Employee Performance The corporate world is always engaged in stiff competition, and the overall performance is associated to many factors which human effort being the primary factor input....
5 Pages (1250 words) Term Paper

Reward System and Employees Performance

In this study we would prepare a detailed questionnaire to understand the impact of these benefits, payment and reward systems on employees and we would also determine whether these rewards actually help in improving motivation and how this would relate to improved company performance.... Research Objectives: The objectives of the research are given as follows: To determine whether rewards and benefits help in improving motivation in employees To determine the reasons for differences in employee retention within companies To determine the performance levels of employees with and without rewards To evaluate whether improved employee motivation and job satisfaction can also lead to improved company performance To evaluate whether rewards, incentives and benefits are effective tools in human resource management Background/Literature Review: Companies use different means of rewarding employees and Brody et al (2001) discuss merit pay plans used by companies to motivate and reward employees....
7 Pages (1750 words) Essay

Reward Systems and Performance Management

The author of the coursework "Reward systems and Performance Management" analyses pay schemes and different types of performance in organizations, and performance appraisals.... This paper demonstrates motivation as the main scheme of human resources management, the role, and a variety of these schemes.... For instance, a company cannot motivate an employee by utilizing rigid and controlling management policies, such as management by threat, therefore companies must establish a system by which employees can work toward targets and guarantee a reward for meeting these expectations....
8 Pages (2000 words) Coursework

Performance and Reward Management

The paper "performance and reward management" describes a personal experience of performance management and analysis using concepts drawn from performance management literature.... nbsp;Performance management is the practice of ensuring effectiveness in the accomplishment of organizational goals in a consistent way.... They also have an impact on performance management, which may be focused on all or one of them independently (Johnson 2001)....
6 Pages (1500 words) Term Paper

Nestl Is The Most Successful Organization

The essay "nestlé Is The Most Successful Organization" focuses on one of the most successful organizations that employed strategic management decisions with explicit priority “to bring the best and most relevant products to people, whatever their needs, throughout their lives” is nestlé.... hellip; nestlé's origin was traced in 1866 when a pharmacist, Henri Nestle developed an infant milk formula that revolutionized the health, nutrition and wellness industry....
7 Pages (1750 words) Essay

Social Performance of Nestle Company

rdquo; In australia, The Nestle Oceania Environmental Policy allows the organization to "constantly strive to identify new ways to reduce packaging, to minimize waste, to prevent pollution, to save energy and to conserve natural resources".... Further, they are involved in social activities that are not directly associated with the manufacturing or management of the corporate.... The author of the "Social performance of Nestle Company" paper states thta this company has made changes in society, keeping its focus on the improvement of quality of life, the fulfillment of the nutritional needs of the society, and environmental protection....
6 Pages (1500 words) Case Study

Performance-Based Reward Systems are Unsuitable for the Public Sector

It argues that there exist differences between the reward system for individual-based performance and team performance.... hellip; Management of an organization expects particular contributions from its employees for the successful performance of a company including high productivity, high performance and maintaining core values (Tsui et al, 1997).... The complexity of the public services makes it difficult to measure performance and many differences exist between the optimal incentives for those in the public and private sector according to the second viewpoint(Buchanan,1990; Wright,1995; Burgess and Rato,2003, etc)....
8 Pages (2000 words) Essay
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.
Contact Us