Human Resouce Management

What ar the major challenges in developing an individual formation of rewards, e.g. act related pay? Explain these challenges. Introduction: some(prenominal) managerial concerns that are influenced by rewards system on individuals will be discussed in this paper. We will look further at the types of reward systems and the challenges faced by organizations in implementing them. Reward programs wish open- admit management, pay for performance, employee recognition and stock options program will be discussed and analyzed. The reward a person desires varies from situation to situation. An individual at times lack a good knowledge of the foothold of the reward with clear objectives for extrinsic rewards to be effective. Effective rewards imply employee perceptions, attitudes, and miens in many ways. Managers everyplace the years saw that they infallible to have some influence over attendance behavior - the ability to punish, establish bonus system, and empower employees. We will translate later in this paper that rewards on employees enhance performance by affecting the productivity positively. The reward systems: Open book management rewards the employees by sharing their financial books making them heart owners themselves.

The employees then see the impact on financial figures establish on their behaviors and actions. An article from the Business Horizons (2001, p13 cited Robbins & Coulter 2005, p 411) says that over 3500 organizations uses open book management rewarding system including organizations like Rhino Foods and Allstate Insurance. Employee recognition has been a popular practice in many organizations too. Its defined by Robbins & Coulter (2005, p 412) as taking personal attention, and expressing interest, approval and appreciation of a ponder well done. For example, for extraordinary effort on the job, the people are awarded monthly at a British bottler of syrup and spongelike drinks Company called Nicholas Foods Ltd (Industry Week 2001, p17-19 cited Robbins &... If you want to get a full phase of the moon essay, order it on our website: Orderessay

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