Reward and Performance

High school
Essay
Miscellaneous
Pages 12 (3012 words)
Download 0
The cognisance over aspects that motivates employees on the job has been on the rise in past years. One of the manager's basic responsibilities is to instruct, converse with, and motivate workers (Drucker, 1985). Therefore, they perpetually seek solutions to how to stimulate workers to generate performance and productivity, and how it can be maintained continuously…

Introduction

In contrast, survey carried out by Kenneth Kovach depicted that employee's ranked good wages fifth among their top ten job reward factors. Therefore, there appears to be a difference in ideology of what motivates employees (Kovach, 1995). Motivation revels when in an organisation considers all factors affecting performance. (Ruebusch, 2003). These factors include individual needs, nature of the job i.e. degree of job challenge and goal clarity, job design, job security, organisational climate, a sense of personal significance, stability of expectations, recognition, trust, honest communication, dignity and respect, as well as an equitable reward system which will be discussed in great detail in the proposed thesis.
The exigency to motivate employees with desirable rewards has hitherto salvaged a significant level of importance; this is because rewards can serve as motivators but could also have negative reactions should that supposed merit falls below employee's expectations. Therefore, this thesis seeks to examine the impact of valued rewards on performance in the banking industry utilizing the expectancy theory and two factor theory of motivation framework, while introducing other factors that influence the activity levels of performance.
From my critical research on the literature on motivation, as well as the growing need by ...
Download paper
Not exactly what you need?

Related papers

People Resourcing and Reward
In turn, effective planning can serve as a potent remedy some of the most pressing problems faced by companies. According to Kohl (n. d.), human resource planning in indispensable as it "serves to stabilize employment levels when demand for a firm's product is variable." In this case this tool becomes important in "reducing the firm's unemployment compensation liability costs due to layoffs,…
Performance Management Essay
Performance was evaluated keeping the standard appraisal in mind. The method used in this task to evaluate the individuals was peer rating. Peer rating is the method of appraisal in which the one individual is asked to rate the other peers on the basis of their performance. After the introduction of incentives, it was observed that the performance of individuals increased many folds and people…
Performance & Reward Management
The presentation's color scheme and the text size plus the amount of information put on one slide are some attributes that give the presentation the look that is required in this case justice was done with all the attributes and this resulted in a successful presentation (Michael Alley. 2007). First I would like to discuss the positives of the presentation. Another important aspect of a…
Performance Management.
The employees who are in lower levels than the management are disregarded. The management failed to comply with giving proper employee compensation and proper performance evaluation systems. The effort of achieving low operating expenses is often found the main reason why management is giving low compensation rate. The management's pay rate is set based on two other law firms: Melbourne-based and…
Reward and Performance
In contrast, survey carried out by Kenneth Kovach depicted that employee's ranked good wages fifth among their top ten job reward factors. Therefore, there appears to be a difference in ideology of what motivates employees (Kovach, 1995). Motivation revels when in an organisation considers all factors affecting performance. (Ruebusch, 2003). These factors include individual needs, nature of the…
Reward Management and Performance Related Pay.
Human Resources Managers work towards the fundamental problem of creating a balance between the expectations of both, employers and employees. …
Employee Reward Systems Presentation
Many reward systems exist in the workplace, and they may reflect the organization of the staff, or the type of work. For instance, at the University of Virginia's Department of Athletics as well as at the Rose-Hulman Institute of Technology, employees can nominate each other for a particular award. In these cases, efficient teamwork and group leadership are assets that contribute to the award.…