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Total Employee Rewards

Can you assist with these questions replying to them utilizing the Ford auto industry as an example.

1.How is the impact of total reward system different than the impact of the compensation system (direct financial rewards) portion alone? Please use an example of the Ford Motor Industry.

2. Which motivational theories seem to be of particular importance in the Ford Motor industry? How do you know?

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STEP 1

1.How is the impact of total reward system different than the impact of the compensation system (direct financial rewards) portion alone? Please use an example of the Ford Motor Industry.

The impact of the total reward system is different than the impact of direct financial rewards because the total reward system has several different elements apart from the financial elements: These are:

Benefits, development and career opportunities, performance and recognition and work-life:
The direct effect of these is varied and wide ranging. For instance the benefits provide protection from the financial risks to the employee and his family. Similarly, performance and recognition is a source of esteem for the employee. If he performs adequately not only is his performance recognized but he also get an award for his efforts. Work-life issues not only make it more effective for the employee to meet his workplace obligations but also motivates him to work effectively for the organization. Finally, training and career growth is seen as integral part of the need for the ...

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