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Essay about Performance and Rewards - Words | Bartleby
As the labor force becomes more highly developed and demanding, rivalry between organizations for talented employees is drastically increasing. It is extremely important that organizations make their company more enticing as an incomparable career opportunity. Instituting a total rewards system into an organization can do much to help it invite the paramount talent available and significantly condense turnover. According to Heneman , total rewards is defined as all of the tools, whether intrinsic or extrinsic, offered to the employer that may be employed to attract, motivate and retain employees. This could be monetary or non-monetary remuneration which includes not only compensation and benefits as well as personal and professional growth opportunities and a motivating work environment. If a garment sized this way does not always fit every consumer perfectly as initially planned, do you think a one-size fit all reward program fit all employees in the business industry? Just as the clothing retailers realize to be successful they have to sell to different consumers, organizations need to implement different assortments of reward packages for different workforce segments WorldatWork, , p.
Essay about Performance and Rewards
The purpose in this response to the assignment is to analyze the Joe Chaney case study by recognizing the motivation problems and developing a plan of action to manage the situation, highlighting how certain motivation content and process approaches discussed in class apply to the case study, and finally to discuss the potential challenges and opportunities in resolving the manager's recognition of the motivation problems. Performance Diagnostic Model Analysis. Using Figure 7 "Performance Diagnostic Model" on page of the text, the following decision points are described: the motivation issue is identified by answering "Yes" to question one; the lack of motivation is answered "Yes" in Question three; and the various motivation problems are answered as "Yes" in questions seven, eight and nine. The case study does not present a perception problem, given the evidence of Joe's recent behaviour, even though the question poses that both the manager and direct report agree on the recognition of a problem.