Order For Similar Custom Papers & Assignment Help Services

Fill the order form details - writing instructions guides, and get your paper done.

Posted: August 29th, 2022

Compensation and reward management

Compensation and reward management
The reward system of the company is believed by the human resources (HR) field as pivotal in the motivation, attraction, and retention of HR that are so vital to the successful attainment of a firm’s goals (Burke and Cooper, 2004). The company’s reward principles should differ accordingly, based on the desired managerial behaviors necessary to implement the strategy of the particular business unit. Data gathered from different organizations reveals that different compensation strategies are being employed for the respective company’s departments (Sims, 2002). Professional employees’ compensation, for instance, is harder to allocate, as their professions are constantly evolving fields of knowledge, and they require receiving compensation far beyond the base pay most ordinary workers receive.
Sales professionals, on the other hand, also have a unique compensation package being offered to them, as the nature of their job (selling), calls for incentive payments tied to their individual performances in the field. They often have a base salary pay apart from the commission pay that they receive depending on the sales that they made for a particular period. Many of the current reward practices being observed in the company are similar to initiatives used ten years ago in the domestic market, and although they are still sufficient to cover the basic need of the employees to be rewarded, the changing times have brought with it factors that ten years ago were not present and therefore not included in the design of the system. It has also been suggested in existing reward management literature that a number of culture-oriented psychological factors, such as national value orientations, distributional justice, the concept of socially healthy pay, and the role of pay as a motivator, should be considered (Briscoe and Schuler, 2004). The necessity for the reward strategy of the organization to be congruent with business objectives and the consequent movement towards greater flexibility and variability are considered together with the important and growing concept of broad-banded basic pay systems.

WORK CITED
Briscoe, D. & Schuler, R. (2004). International Human Resource Get research paper samples and course-specific study resources under   homework for you course hero writing service – Manage ment: Policies & Practices for the Global Enterprise. New York: Routledge.
Burke, R. & Cooper, C. (2004). Reinventing Human Resources Get research paper samples and course-specific study resources under   homework for you course hero writing service – Manage ment: Challenges and New Directions. New York: Routledge.
Sims, R. (2002). Organizational Success through Effective Human Resources Get research paper samples and course-specific study resources under   homework for you course hero writing service – Manage ment. Westport, Connecticut: Quorum Books.
 

Order | Check Discount

Paper Writing Help For You!

Special Offer! Get 20-25% Off On your Order!

Why choose us

You Want Quality and That’s What We Deliver

Professional Writers

We assemble our team by selectively choosing highly skilled writers, each boasting specialized knowledge in specific subject areas and a robust background in academic writing

Discounted Prices

Our service is committed to delivering the finest writers at the most competitive rates, ensuring that affordability is balanced with uncompromising quality. Our pricing strategy is designed to be both fair and reasonable, standing out favorably against other writing services in the market.

AI & Plagiarism-Free

Rest assured, you'll never receive a product tainted by plagiarism or AI-generated content. Each paper is research-written by human writers, followed by a rigorous scanning process of the final draft before it's delivered to you, ensuring the content is entirely original and maintaining our unwavering commitment to providing plagiarism-free work.

How it works

When you decide to place an order with Nurscola, here is what happens:

Complete the Order Form

You will complete our order form, filling in all of the fields and giving us as much detail as possible.

Assignment of Writer

We analyze your order and match it with a writer who has the unique qualifications to complete it, and he begins from scratch.

Order in Production and Delivered

You and your writer communicate directly during the process, and, once you receive the final draft, you either approve it or ask for revisions.

Giving us Feedback (and other options)

We want to know how your experience went. You can read other clients’ testimonials too. And among many options, you can choose a favorite writer.