Preview

Designing a Reward System

Better Essays
Open Document
Open Document
1093 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Designing a Reward System
Designing a Reward System

HSM/220
June 8, 2013

A good manager or superior will implement a reward system. Employee reward systems are used to assist and help motivate the employees, with the goal not to just meet expectations, but to surpass them performing at their best capabilities. The reward system that goes into place should include all benefits monetary and non-monetary that proves to be worth something valuable to the employee. Implementing a reward system for a human service organization will make sure that basic needs are met, benefits are equally distributed, competitive benefits are offered, and employees are treated as individuals. I will include intrinsic and extrinsic rewards in my system. When you have a suitable reward system in place it will ensure that an organizations investment in its employees is managed effectively.
Organizations that do not match or are not as productive as their competitors will have problems attracting and keeping the most valuable workers. I will do everything I can within my organization to keep my employees happy to uphold a respectable working environment to reach our goals. Obviously, taking care of our clients by providing them the greatest possible service is our number one goal. Acknowledgment and gratitude are very important constituents of a successful reward system. Reward systems have a significant result on the quality of life of the employees working within the organization.
Recognition means to identify and show appreciation for someone’s detailed accomplishment. Having gratitude and displaying appreciation to an employee for their work goes a long way when concerning the performance of an employee. Several employees need to know that they are appreciated and their hard work will not go ignored. I believe several employees would work even harder for their employer if they know that their hard work will be appreciated, and they get rewarded for it.
The procedures of determining what aspects of the



References: from the University Library: Britton, P. B., & Ellis, C. M. (1994). Designing and implementing reward programs: Finding a better way. Compensation and Benefits Review, 26(4), 39-39. Retrieved from http://search.proquest.com/docview/213662536?accountid=35812 Cissell, M. J. (1987). Designing effective reward systems. Compensation and Benefits Review, 19(6), 49-49. Retrieved from http://search.proquest.com/docview/213673633?accountid=35812 Lockwood, M. (2002). Performance-based reward systems. Executive Excellence, 19(2), 9-10. Retrieved from http://search.proquest.com/docview/204599817?accountid=35812

You May Also Find These Documents Helpful

  • Powerful Essays

    Mr. Zaboschuk

    • 2303 Words
    • 7 Pages

    Ferracone, R. A., & Borneman, J. P. (2001). Putting pay for performance back into incentive programs. Compensation & Benefits Management, 17(4), 29.…

    • 2303 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    References: Henderson, R. I. (1998). Compensation management: rewarding performance. ( 2nd Ed.). Reston Pub. Co.…

    • 516 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The manager and team leaders will be communicating with employees on a daily basis to keep them informed of the reward system's details and deadline that they will be required to meet. Employees will be shown respect at all times and encouraged to work harder, at no time will an employee be disrespected because of his/her level of work productivity. Praise and recognition will be the priority of manager when it comes to motivating the employees. Each employee will receive both verbal and written praise from the management team. Managers are expected to do their part with working towards the goals of each department also; no one will be exempt from the rewards program do to unfair treatment within the departments. The managers are expected to conduct themselves in a professional manner at all times, regardless of their feelings toward an individual employee. Any manager who is found to be bias or giving special privileges to an employee will be held accountable for his/ her actions including but not limited to suspension and or termination. Any employee who engages in unprofessional work ethics will be held accountable to his/her actions including but not limited to suspension and or termination. This reward system will be conducted in a honest and…

    • 1183 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Luggers vs Butcher

    • 5333 Words
    • 22 Pages

    Reif, W. (1975). Intrinsic Versus Extrinsic Rewards: Resolving the Controversy. Human Resource Management, 14(2), 2-10. Retrieved from Business Source Complete database.…

    • 5333 Words
    • 22 Pages
    Powerful Essays
  • Better Essays

    Plastec Case Study

    • 1408 Words
    • 6 Pages

    Wilson, T. B. (1994). Innovative Reward Systems for the Changing Workplace. Retrieved December 4, 2009, from http://www.opm.gov/perform/articles/026.asp…

    • 1408 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Kohn and Michael Armstrong (2002). Employee Reward. 3rd ed. Great Britin , Trowbridge , Wiltshire: The Cornwell Press. 362-364.…

    • 2929 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    When designing a rewards system within an organization there are several factors. First, look at the organization and focus on what matters most for that particular organization. Then focus in on the employees and what needs they have in particular. After breaking down the focus, you can move forward into creating a rewards system that not only fits but also everyone benefits from.” Reward management is concerned with the strategies, policies and processes required to ensure that the value of people and the contribution they make to achieving organizational, departmental and team goals is recognized and rewarded. It is about the design, implementation and maintenance of reward systems (interrelated reward processes, practices and procedures) that aim to satisfy the needs of both the organization and its stakeholders and to operate fairly, equitably and consistently.” (Armstrong, 2010)…

    • 1406 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Mas-Cadel Specialty Bicycle

    • 3810 Words
    • 16 Pages

    Khan, KU, Farooq, SU & Ullah, MI, 2010, ‘The Relationship between Rewards and Employee’, Research Journal of Internatıonal Studıes, May, Issue 14, pp. 37-42.…

    • 3810 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    Mgt511

    • 1643 Words
    • 7 Pages

    Armstrong, M.. (2007). A handbook of employer reward management and practice, Part 04: Grade and Pay Structures; Chapter 18: Developing grade and pay structures. Retrieved August 21, 2012, from ProQuest. (Document ID: 2027694451).…

    • 1643 Words
    • 7 Pages
    Good Essays
  • Good Essays

    As already mentioned, a good reward system helps attract and maintain a highly skilled workforce, lower the rate of employee turnover, and inculcate a high performance culture. The first recommendation is that the Remington Hotels should ensure it has an elaborate reward system that award its employees’ effort and that recognizes them among other employees. According to Gagne (2014), an employee reward system encourages other workers to increase their performance once they see that effort is rewarded (p. 61). He further notes that a reward system is crucial for reducing levels of burnout among employees, which is attributed to lack of motivation for workers who place much effort in their work.…

    • 492 Words
    • 2 Pages
    Good Essays
  • Better Essays

    References: Armstrong, M. (2010). Armstrong’s handbook of reward management practice. (3rd ed.). Philadelphia, PA: Kogan Page…

    • 1358 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Total reward systems can be used to identify the quantum and type of rewards that will prove to be the most effective in terms of motivating and driving the performance level of employees. For example, employees at lower levels will be driven by monetary awards such as incentives and bonuses while senior employees will be more motivated by rewards such as recognition, paid holidays, etc. An extensive…

    • 776 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Perfect Pizzeria

    • 663 Words
    • 3 Pages

    In the end, research has shown that it works when over-rewarded employees produce more high quality service and under-rewarded employees tend to decrease their input. Managers should recognize what actions taken that will help motivating the employees. Managers should try to tie the rewards to employee performance; when the rewards should be relative to the amount of effort demonstrated by the employee. The managers should implement regular meetings with the employees and discuss goal setting and personal development. The employees should be able to set goals for their team or themselves and try and personally develop. A reward and recognition plan will help in increasing good performance that is noticed and shared by…

    • 663 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Creating a Social Program

    • 1545 Words
    • 7 Pages

    The first step in creating a reward system is to consider the expectations for performances in your human service organization. List all of the jobs, what the expectations for performance of each job are, such as: Completing paper work in a timely manner, keeping in contact with clients and client satisfaction, actively contributing ideas ,attending meetings ,and training within the organization. According to Health Manpower management “It is suggested that managing performance should not just be a once-a-year appraisal of people, but should be a dynamic process integrating the various aspects of organizational and human resource management, including staff appraisal and development, as well as quality, standards, targets, and outcomes”. ( Brierley, S. (1997)…

    • 1545 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    For any organization to be successful, each and every employee of that organization needs to be successful with his or her individual goals. When employees know their work and effort is being appreciated they channelize their personal aspirations towards organization’s goal. A person who is satisfied with his job and has a good self-esteem will surely work more efficiently. Also, not all employees respond in the same manner to the same type off recognition. For some employees find satisfaction and respect in monetary aspects of the job and for the others non-monetary parameters work. So these need to be analyzed in the organization so that reward and recognition system is established…

    • 1641 Words
    • 7 Pages
    Powerful Essays