Rewards and Compensation in a Essay

Open, View, and/or
Download this Document

Total Length: 591 words ( 2 double-spaced pages)

Total Sources: 1+

Page 1 of 2



The amended program integrates compensation, benefits, work-life, performance and recognition, and development and career opportunities, in the total rewards package making it more relevant and flexible for today's employers and employees. Financial remuneration and benefits are expected components of a compensation package. The last 3 mentioned bear further scrutiny.

The more progressive organizations have been incorporating programs that are designed to help their employees do their job more effectively. These businesses have come to realize that when they support their workers -- their workers support them. Examples of work-life programs include on-site daycare and flexible scheduling. Technology and a global economy have forced companies and employees to change their expectations of each other -- and for the most part this has improved opportunities for both.

Studies have shown that employees demonstrate greater satisfaction in their jobs when there is a recognition component to a compensation package.

Stuck Writing Your "Rewards and Compensation in A" Essay?

View All Our Example Rewards and Compensation in a Essay

Have A Custom Example Essay Written

According to Christofferson (2006) "recognition is necessary in order to reinforce the value of performance improvement and foster positive communication and feedback. It can be programmatic or simply cultural in execution."

Recognition allows employers to honor their employees for their accomplishments, behaviors and successes. This reinforces the value of an employee's performance and its link to the success of an organization as a whole.

Finally, development and career opportunities have been added to the rewards program. This has found to be motivational for many employees who seek to advance their position in an organization. Such things as tuition assistance and apprenticeships are examples of rewards that are beneficial to employer and employee and another reason that a total rewards program is an exceptional compensation model......

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Rewards And Compensation In A" (2010, May 08) Retrieved May 18, 2024, from
https://www.aceyourpaper.com/essays/rewards-compensation-2854

Latest MLA Format (8th edition)

Copy Reference
"Rewards And Compensation In A" 08 May 2010. Web.18 May. 2024. <
https://www.aceyourpaper.com/essays/rewards-compensation-2854>

Latest Chicago Format (16th edition)

Copy Reference
"Rewards And Compensation In A", 08 May 2010, Accessed.18 May. 2024,
https://www.aceyourpaper.com/essays/rewards-compensation-2854
   

Open, View, and/or
Download this Document
order custom essay example