The management of your organization seeks to improve performance
The management of your organization seeks to improve performance
through reward systems that are appropriate and motivating for all
staff. In this regard they have asked for your opinion on effective
practices, while considering market trends and workforce planning
processes. For relating the reward systems with examples, specific job
positions can be selected.
Present a report on the following:
1.1 a. Consider the reward practices in place within your organization.
• Categorize the rewards based on their impact, whether
short-term or long-term.
• Make a note on how effective you think the rewards are in
terms of motivating staff, improving productivity, and
increasing job satisfaction.
b. Analyse the fairness of reward systems within your organisation
for two selected job positions. Compare the rewards with those
of similar jobs within competitor organizations in the industry.
c. How does your organization’s reward strategies connect with
the company’s vision and business objectives? Discuss