Total Rewards Package
Not what you're looking for?
1. Describing three components of a total rewards package that would motivate employees to reach peak performance
2. Difficulties of evaluating team performance
Purchase this Solution
Solution Summary
The solution discusses and describes three components of a total rewards package that would motivate employees to reach peak performance and difficulties of evaluating team performance
Solution Preview
1) Describing three components of a total rewards package that would motivate employees to reach peak performance.
When motivating employees, the rewards package is crucial. The first component of the rewards package is Organizational Strategy, the second is Methodology and the third is Recognition. While the three may not seem to coincide with one another, each is a part of the cycle that makes the process whole. "The use of extrinsic reward practices, which include profit sharing, gain-sharing, employment security, and comp time have exhibited a significantly positive moderating effect on the relationship between TQM and perceived firm performance, while intrinsic reward practices did not reveal a significant moderating relationship." (Kilman 1999)
The organizational strategy allows the firm to properly plan and budget for the rewards process. Non-monetary recognition acknowledgements are done through praise, plaques, special meals or show tickets. These are low cost recognition factors that keep morale up and advise the employee that he or she is appreciated for their hard work. Monetary ...
Education
- Master of Business Administration, University of Phoenix
- Bachelor of Science in Paralegal Studies, Kaplan College
- Business Diploma, Katharine Gibbs Business College for Women
Recent Feedback
- "Thank you!!!"
- "Thank you"
- "Thank you so much "
- "Thank you very much"
- "Thank you so much "
Purchase this Solution
Free BrainMass Quizzes
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
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.
Introduction to Finance
This quiz test introductory finance topics.