A Research Study On Reward Management - 1220 Words

1.1Introduction This chapter deals with the background of the study, statement of the problem, the objectives of the study, Research questions, significance, scope and limitations of the study. The significance of this chapter is to explore the main purpose of the research, the area to be covered and the problem of the research 1.2. Background of Study Reward management is one of the strategies used by Human Resource Managers for attracting and retaining suitable employees as well as facilitating them to improve their performance through motivation and to comply with employment legislation and regulation. As a result of these pressures, HR managers seek to design reward structures that facilitate the organizations strategic goals and the goals of individual employees. Reward systems are very crucial for an organization (Maund, 2001). Rewards include systems, programs and practices that influence the actions of people. The purpose of reward systems is to provide a systematic way to deliver positive consequences. Fundamental purpose is to provide positive consequences for contributions to desired performance (Wilson, 2003). The only way employees will fulfill the employers dream is to share in their dream (Kotelnikov,2010). Reward systems are the mechanisms that make this happen. They can include awards and other forms of recognition , promotions, reassignments, non monetary bonuses like vacations or a simple thank–you. When employees are rewarded, they get work done.Show MoreRelatedThe Theory Of Organizational Learning And Performance Management Essay1156 Words   |  5 Pagesidea of management learning as it relates to performance management in an effort to remain competitive. Hall and Rowland’s article explores these ideas in great detail that are rooted in a fifteen-year research project. I will analyze their research problem, purpose of the study, research question, method of research, significance of the study and its global implications, research findings and finally the relevancy of findings as it relates to my experience in my current corporation. Research problemRead MoreThe Relationship Between Employee Satisfaction And Reward Systems801 Words   |  4 Pagesbelonging and appreciation. This qualitative study was conducted to determine whether or not there is a relation between employee satisfaction and reward systems. Also, to what extent does the reward system influence behavior? This study clearly stated their hypotheses and tested it without bias (Galanou et al., 2010). This qualitative study was conducted through a serious of thirty two questions. The content of the questions used in this study were introductory questions to get backgroundRead MoreEssay about Case Study 3936 Words   |  4 PagesCase Study 3 Building Assets to Ensure That the Lowest-Level Employees Are Not Left Behind According to the case study, managers are undoubtedly conscious of the convincing indication that authorizes that companies stand to increase when they distribute their profits with personnel. Furthermore, the article demonstrates how managers are mindful of the disagreement that to interest favorably experienced workers, companies must offer bonuses like higher salaries and stock options. This study detonatesRead MoreThe Best Way to Increase Work Motivation for an Organisation Is Through Financial Rewards. Discuss.1711 Words   |  7 Pagesof this essay is to distinctively identify the effects of financial rewards on the work motivation of an organization and also whether or not this system of reward can cause an increase in the levels of work motivation already present in the organization. It furthermore aims to discuss weather Financial Rewards are the best way to increase the work motivation present. Although the essay shall primary be focused on Financial Rewards and Work Motiv ation, other factors that may have an effect on workRead MoreTypes of Motivation1118 Words   |  5 Pagesstates: â€Å"A person is intrinsically motivated if he performs an activity for no apparent reward except the activity itself. On the other hand, extrinsic motivation refers to the performance of an activity because it leads to external rewards.† (Turnage Muchinsky, 1976) In other word, intrinsic rewards are intangible rewards or psychological rewards while extrinsic rewards are tangible rewards and these rewards are external to the job or task performed by employee (Negussie, 2012). Although, isRead MoreThe Factors That Influence Academics Behavior Toward Knowledge Sharing1689 Words   |  7 PagesIntroduction These days, large organizations are becoming increasingly aware of the importance of knowledge for efficiency, productivity, and competitiveness by establishing appropriate knowledge management systems. Knowledge sharing has been considered a significant component of success in Knowledge Management (KM). The main activities in Knowledge sharing are acquiring, sharing, and storing the knowledge. Knowledge sharing is essential to the success of all organizations, including universities whichRead MoreThe Important Virtual Team Challenges790 Words   |  4 Pagesa) Research Topic: The purpose of the study is to overcome one of the important virtual team challenges(i.e., work motivation). This study indicates using management practices over motivational challenges as a focus of the study. The present study also uses VIST model of Motivational processes in teams. The authors clearly presented the background information of the problem an d has educational significance. The title of the study is briefRead MoreEssay Ramada Demonstrates Its Personal Best - A Case Study1264 Words   |  6 PagesRamada Demonstrates Its Personal Best - A Case Study Ramada, like most mid-tier hotels, had become stagnant in customer service ratings. Management of Ramada Franchise Systems (RFS) knew that it was only a matter of time before ratings began to drop and true problems developed. RFS knew it was time to address the situation at hand. In doing so, RFS went to some of the leaders in customer service – Disney, Southwest Airlines, and Carlson Hospitality. RFS knew up front that one of the largestRead MoreEssay on Shaping Chaining And Reinforcement Sc1230 Words   |  5 Pagesindividual shapes their behaviors when they are rewarded for closely or perfectly mastering a step in the behaviors modification. Chaining is the links that are made from one step to another in the behavior modification. Reinforcement schedules are the rewards and punishments given when an individual masters or refuses to master a step in the shaping of a behavior. Operant conditioning incorporates the use of shaping, chaining and reinforcing behaviors in order to create a desirable outcome in the behaviorsRead MoreEssay on Role of Research in Management892 Words   |  4 PagesRole of Research in Management Research can be viewed from the perspective of a continuum from studies that expand knowledge about business and management in general on one end to studies that solve specific problems and add new knowledge in a limited context on the other end (Saunders, et al., 2009). Regardless of where a research project falls on the continuum, the findings can be a helpful aid to management. Generalized findings from university studies on management and human behavior theory