Describe and critically evaluate the approach to employee reward taken by your own organisation (or one with which you are familiar), identifying the key reward choices made (Beardwell & Thompson 2014).
What messages does the reward strategy in your organisation convey?
To what extent does the reward strategy in your organisation drive individual performance?
Suggest some ways in which this could be improved. Use organisational examples and theoretical evidence as appropriate.
The learning outcomes for this assignment are:
- Distinguish between various compensation programs and rate different incentive plans as motivations in particular situations
- Formulate simple programs of policies and guidelines for motivation of employees, effective communication, and safety concerns