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Reward Systems

I have to answer this question below in 250 words. I have been reading the chapter and don't fully understand this question:

How can you assess employee needs to tailor effective rewards?

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RESPONSE:

1. How can you assess employee needs to tailor effective rewards?

Tailoring effective rewards and reward dollars across a workforce is a way to balance organizational and employee interests. Employee reward systems refer "to programs set up by a company to reward performance and motivate employees on individual and/or group levels...and normally considered separate from salary but may be monetary in nature or otherwise have a cost to the company" (http://www.enotes.com/small-business-encyclopedia/employee-reward-recognition-systems).

There are several ways employers can collect information about employee needs to use in tailoring rewards, such as through observation methods, thorough employee surveys and/or feedback or suggestion boxes. Some organizations also have meetings with open discussion about reward systems ...

Solution Summary

This solution examines how to assess employee needs to tailor effective rewards from various sources. References are provided, as well as an informative article that expands on this response.

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