Purchase Solution

Reward and Motivation History Paper

Not what you're looking for?

Ask Custom Question

Can you help me get started with this assignment?

Reward and Motivation History Paper- Teachers
Virtually every business organization has been able to improve their products, services, and solutions dramatically in four areas: (1) quality, (2) production costs, (3) time-to-market, and (4) innovation. Reward and recognition systems are an integral part of these strategies. These systems have evolved through time because of changes in the business environment. Human Resources strategies are one of the most important aspects of successfully implementing organizational change and aligning performance to business strategy.

Prepare a 1,050-1,400-word paper on the history and the role of rewards (e.g., compensation, benefits, non-monetary recognition) in your organization or one that you are familiar with. Use section one in the text as well as other peer-reviewed resources. Examine the shift from compensation to rewards. Discuss whether you believe the current reward system motivates employees to achieve the organization's goals and how it has evolved in comparison the history of reward systems. Discuss the effect the system has on employees and their pride. Are the employees satisfied with the reward system and based on the history of rewards, what would you do to improve the development of the current system to make it more effective? Identify a motivational theory that underpins the organization's reward system. Analyze whether this theory is consistent with the values and expectations of the employees and the organization.

Include the following components, or attributes, common to benefit and reward systems in your paper:
a. Indirect financial rewards, typically health and welfare benefits, paid time off, retirement plans, prerequisites, and recognition. Together with direct financial rewards, this represents what is typically referred to as total compensation.
b. Work content relates to the quality of the work itself (e.g., variety, challenge, autonomy, and meaning) and this, by extension, includes the quality and impact of performance feedback.
c. Career value is the opportunity for personal growth, capability improvements, organizational advancement, and employment security.
d. Affiliation refers to the rewards that accrue from association with the company. This can be a sense of status that comes from working for a reputable organization, or it might relate to access that the organization provides to colleagues or other groups of people.
e. Direct financial rewards refers to pay components including base salary, cash allowances, incentives, and company ownership. This is the foundation of the total reward package.
Your paper must include at least three recent, peer-reviewed sources from the University of Phoenix library.

Purchase this Solution
Solution Summary

The response addresses the queries posted in 1348 Words, APA References

Solution Preview

The response addresses the queries posted in 1348 Words, APA References

Reward & Motivation

Introduction

Rewards are an important motivational tool for an organization. It helps to maintain the workforce and increase the efficiency of the employees. Rewards and compensation have their own history in the business world. Many a times they have been used as the effective tools to manage the performance of the employees. The compensation system of an organization should always aim at establishing a just and equitable wage and incentive system. It should treat men and women as equal and should aim at the development of both. The reward and compensation system also helps in maintaining the quality of the products and continuous innovation of new products (Mathis & Jackson, 2006).

History & role of rewards

In my organization, rewards have played an important role and have led to the success of the business. It has led to the timely achievement of goals and objectives set by the organization. My organization has always focused on giving monetary as well as non-monetary benefits to the employees. Rewards have also led to an increase in the motivation level of the employees and help in effective business management in the organization.

It has helped in increasing the profit of the firm by reducing the cost of labor. It has also helped in minimizing the extra capital investment and increasing the earnings of the worker without developing a high wage rate structure. It has also led to the better utilization of the manpower resources in the organization. It has also managed the performance of the employees and led to a better production scheduling.

There are basically two types of rewards that my organization offers for its employees, extrinsic and intrinsic rewards. Intrinsic rewards are a result of the great efforts that the employee puts in his job. They include participation in the decision making process, greater job freedom, more responsibility, opportunities for personal growth, diversity of activities etc. Extrinsic rewards include direct compensation, indirect compensation and non-financial compensation.

Direct compensation includes basic wage or salary, overtime, holiday premiums, performance bonus, profit sharing and stock options. Indirect compensation includes pay for time not worked, ...

Solution provided by:
Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
Recent Feedback
  • "Thank You so much! "
  • "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
  • "great job. I will need another help from you. "
  • "first class!"
  • "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution
Free BrainMass Quizzes
Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Basics of corporate finance

These questions will test you on your knowledge of finance.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

View More Free Quizzes
Related BrainMass Solutions

  • Neo-Behaviourism and Skinnerian Ideas of Reinforcement

    What factors might prevent monetary reward from motivating workers to better performance? The connection between money incentives and worker motivation is controversial. Some studies seem to suggest it, others reject it.

  • Neobehaviorism and Gestalt Psychology

    The conclusions are that a) learning occurs without reward, b) learning only becomes active when it is given purpose, and c) what we learn in our lives is latent only until it is served by a purpose. This purpose then is the motivation.

  • Compensation and Benefits in UAE

    My paper is related to the use of compensation and benefits for increasing employees motivation in MNEs based in UAE. This paper gives guidelines for developing appropriate reward and recognition systems.

  • Incompleteness Of Skinner's Theory

    The typical stereotype is that Asian cultures are more collective in their approach to reward and work, while westerners value the ego.

  • Culture and Management

    Russians: National History, motivation approaches, leadership, group dynamics, and communication What do they think of the Americans? What both cultures have in common? What is your plan to reward individuals and teams?

  • extrinsic vs. intrinsic motivators for children

    Best wishes on your paper and if I can provided further assistance I am happy to do so.

  • Distinguish between Monetary and In-Kind Payments

    This solution discusses the difference between monetary and in-kind payments, the relationship between compensation and non-compensation subsystems of the reward system, and sources of motivation.

  • Herzberg's Two-Factor Theory - Motivation Theories

    This means the person gets satisfaction without any reward. The person gets satisfaction without any reward. The activity by itself is the reward. Intrinsic motivation is achieved by a feeling of autonomy and the feeling that one is not controlled.

  • test benefits

    For example, perhaps the teacher gives a reward (candy--nothing major) for the best essay response or the highest score. These sorts of rewards help to give students motivation to study and do their best.

View More Related Solutions