Preview

Hrm - Employee's Trust

Best Essays
Open Document
Open Document
2961 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Hrm - Employee's Trust
Introduction
Most of the time operations of an organization start with the development of business strategy that would underline company’s aim and goals and descries the way they are to be achieved. Moving on, the next step is to come up with Human Resource strategy that would match the business one and make sure workers act in a way that moves the company towards reaching the core goals. To achieve this people have to be motivated to perform their best in a day-to-day work activities. That’s where the company has to start thinking about reward systems (Balkin &Gomez-Mejia, 1987; Hambrick &Snow, 1989; Lawler & Jenkins, 1992a)
A lot of scientific researchers and surveys have been conducted in order to find patterns in worker’s reactions to the practices of worker motivation executed by management. Having few similarities, the motivation factors that really influence the behavior of workers differ from culture to culture, from company to company, from employee to employee. The complexity of the task is increased by acceleration of scientific and technological progress. More intense market competition between companies made performance of Human Resource critical to the success/failure of the company. Thus, in order to keep up with the market trends and outperform the competitors, company has to make sure that the personnel is motivated to perform its best in daily business operations.
One of the most difficult tasks of managing enterprise is to choose suitable method and strategy for Human Resource Management. This is first of all due to the complexity of human psychology. Having various goals, needs and wants every individual will respond differently to the way he/she is being managed, controlled and guided. Not only that, but things that inspire and motivate for better performance differed from person to person. Employee’s satisfaction or dissatisfaction, motivation or frustration will be reflected in the day-to-day job performance. Impacting the operation of



References: Ax., C., Johansson, C., & Kullven, A. (2006). The new Financial Control. p.75 Balkin, D.B., & Gomez-Mejia, L.R Ballentine, A., McKenzie, N, Wysocki, A., & Kepner, K. (2002). The Role of Monetary and Non-Monetary Incentives in the workplace as influenced by Career Stage. p 1-2. Becker, B.E & Huselid, M.A. (1998). High Performance work systems and firm performance: a synthesis of research and managerial implications. JAI Press Inc. p.53-101 Bloom, M., & Milkovich, G.T Business Dictionary. (2012). Definition of the word “motivation” (Source: http://www.businessdictionary.com/definition/motivation.html) Boeree, C.,G. (2006). „ABRAHAM MASLOW. Biography”. Gerhart, B., & Rynes, S.L. (2003). Compensation: Theory, evidence and strategic implications. Thousand Oaks, CA: Sage. Hambrick, D.C., & Snow, C.C. (1989). Strategic reward system. In C.C. Snow (Ed.), Strategy, organization design and human resource management. Greenwich, CT: JAI, p.929-964. Hamel, M.C. (2008). Compensation guide: A Manual on Compensation Practice and Theory. Onestep Project. p.3 (Source: http://www.onestep.ca/Resources/OneStep_Compensation_v6.pdf) Hand, H.H., Mobley, W.H., Meglino, B.M., & Griffeth, R.W. (1979). Review and conceptual analysis of the employee turnover process. Psychological Bulleting, 86, p.493-522. Lawler, E.E., III, Jenkins, G.D. (1992a). Strategic reward systems. CEO Publications G 92-2 (205), p.3 (Source: http://ceo.usc.edu/pdf/T922205.pdf) Lawler, E.E., III, Jenkins, G.D Lawler, E.E., III, Jenkins, G.D. (1992c). Strategic reward systems. CEO Publications G 92-2 (205), p.8 (Source: http://ceo.usc.edu/pdf/T922205.pdf) Lesieur, F.G Mobley, W.H. (1982). Employee turnover: Causes, consequences, and control. Reading, MA: Addison-Wesley. Oxford Dictionary. (2012). Definition of the word “motivation”. (Source:http://oxforddictionaries.com/definition/english/motivation) Voyt, D.D

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
  • 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

    Compensation System Plan

    • 2706 Words
    • 11 Pages

    The strategic criteria associated with strengthening performance places a focus on individual equity. If an organization intends to see a ROI for their most valuable asset, they will need to design a compensation system that rewards employees for their constructive efforts. (Henderson, 2006, p. 360). To keep employees engaged and committed to the organization, a short term incentive plan must be incorporated in the compensation system design.…

    • 2706 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Cited: Armstrong, M. (2010). Armstrong 's Handbook of Reward Management Practice: Improving Performance Through Reward, 3rd Edition. Chicago: Kogan Page.…

    • 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

    Employee Satisfaction

    • 433 Words
    • 2 Pages

    Long-established rewards systems usually have had a large proportion of the total package as base pay and just a small portion tied to performance. In today’s world new and more strategic rewards systems, have come to be implemented which are more aligned with overall organizational strategies. These new rewards include a performance based variable pay, skill base pay and recognition pay. In researching this new trend it has been shown to have a very positive effect on employee productivity and firm performance.…

    • 433 Words
    • 2 Pages
    Good 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
  • Powerful Essays

    There are a number of components that need to be addressed when developing a compensation system to ensure they align with the organization’s strategy and objectives (Martocchio, 2009). The compensation…

    • 1776 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    References: Armstrong, M, and Murlis, H, 2004, Reward Management: A Handbook of Remuneration Strategy and Practice. 5th ed. London: Kogan Page.…

    • 3668 Words
    • 15 Pages
    Best Essays
  • Better Essays

    Proposal Plan

    • 1190 Words
    • 5 Pages

    The purpose for the organization Riordan Manufacturing is to stay put in a dynamic, self-motivated and energetic business environment. Riordan Manufacturing is a successful business looking to progress overall presentation and place the company for potential expansion. In order for this to follow through, a total rewards program needs to be created. The incentives and compensation plan, must connect with the goals of the organization. A solid rewards program will build motivation in the work place. As the text states, " the notions that rewards are means to motivate employees assuming that the rewards are distributed fairly. Rewards seem to be part of many different perspectives in motivation." (Shani & Chandler, 2009, p. 8)…

    • 1190 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Designing a reward system in the workplace is a way for Employers to show their appreciation and gratitude to their employees. Although there are many different ways to implement a reward system there are many factors that contribute to a successful system. There are many steps and factors that should be considered by the employer in order to best satisfy the employee(s). For example, while many believe pay incentives are the only necessary reward system to ensure happiness in the workplace, there are many more options for us, as the employer, to express more sincere appreciation.…

    • 1715 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Rewards System

    • 3617 Words
    • 15 Pages

    The purpose of this paper was to investigate and analyze how well the current reward system of Ambank helps generate employee work motivation. More specifically it aimed to find out which aspects of the reward system functions well, and which aspects could be further developed and improved in order to increase employee satisfaction. Emphasis is put on Maslow 's hierarchy of needs, the goal setting theory and the total reward system. The data was gathered with the help of a questionnaire and from the related journals. The aim of the research was to compare the different reward systems used in Ambank and find the advantages and disadvantages of the reward system that practiced by them. The research results revealed how Ambank can develop their reward system by including the employees in the decision making process. The research supports the assumption that a well developed and functional reward system can increase employee motivation and satisfaction.…

    • 3617 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    RESEARCH PROPOSAL

    • 10852 Words
    • 35 Pages

    FACTORS AFFECTING EMPLOYEE RELATIONS IN THE BANKING SECTOR: A CASE STUDY OF STANDARD CHARTERED BANK (SCB) (CHIROMO BRANCH)…

    • 10852 Words
    • 35 Pages
    Powerful Essays
  • Good Essays

    MASR 431 442 Libre

    • 3580 Words
    • 36 Pages

    Now a day’s all firms or business entities are facing so many issues related to employee’s…

    • 3580 Words
    • 36 Pages
    Good Essays

Related Topics