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Hi, need to submit a 500 words essay on the topic Total Rewards System & Your Current Benefits.The strong communication, using myriad media ensures that employees are constantly updated with informati
Hi, need to submit a 500 words essay on the topic Total Rewards System & Your Current Benefits.
The strong communication, using myriad media ensures that employees are constantly updated with information that can be exploited for making empowered decisions for improved outcome. The performance related incentives encourage greater communication amongst the workers, especially team members so as to achieve shared goals with strong team spirit and collective decision making.
Most importantly, incentive driven performance create an enabling environment that is designed to meet personal and professional goals of the individuals which are aligned with the wider goals of the organization (WorldatWork, 2007). The motivated workforce is inclined to higher degree of creative inputs and innovative approach which provides the organizations with unique leverage against their rivals in the industry. The merit based remuneration and pay equity greatly instils confidence and mutual trust building. Indeed, a uniform appraisal system that is fair and promotes equal opportunity for personal and professional growth, contributes to higher employees’ morale, job satisfaction and retention. Thus, fair promotional avenues along with adequate financial incentives are highly relevant to create a cohesive and committed workforce.
State how you view the benefits plan you currently have. If you are not covered by such a plan, indicate which benefits you would hope to get in your next position. Justify how your current or future benefits help you achieve your career goals.
Maslow (1943) strongly believes that people are driven by their needs which serve as motivating factors for improving and improvising their work performance. For continued higher performance, peoples’ needs and expectations must be fulfilled such that workforce is financially and emotionally secure (Bloisi, 2006). I have also some expectations from the job that I believe should help me to achieve my personal goals and
