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Designing A Reward System In The Workplace

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Designing A Reward System In The Workplace
Designing a Reward System

HSM/220
September 8, 2013

Designing a Reward System
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.
While it is important to implement a reward system that satisfies …show more content…
Encourage management to take time to recognize those who have made a difference in your organization. not take away an employee reward program to punish employees if they fail to live up to organizational standards. Taking away rewards will only cause hostility and increase turnover. "Employees are the human capital of an organization. Organizations have the ability to reward employees in many ways" (Lawler & Worley, 2006). "To attract, retain and motivate employees, the company must implement an appropriate reward systems. The objective of this reward systems is to encourage desired employee behaviors to ensure the success of human resource strategies. Therefore, designing and implementing an appropriate reward systems that complements human resource strategies and fits business competitive strategies is currently an important issue" ((Hsieh & Chen, …show more content…
References:
Galanou, E., Georgakopoulos, G., Sotiropoulos, I., & Dimitris, V. (2010). The effect of reward system on job satisfaction in an organizational chart of four hierarchical levels: A qualitative Study/L 'EFFET DU SYSTÈME DE RÉCOMPENSE SUR LA SATISFACTION AU TRAVAIL DANS UN ORGANIGRAMME DES QUATRE NIVEAUX HIÉRARCHIQUES: UNE ÉTUDE QUALITATIVE. Canadian Social Science, 6(5), 102-123. Retrieved from http://search.proquest.com/docview/763686312?accountid=458

Gupta, A. K., & Singhal, A. (1993). Managing human resources for innovation and creativity. Research Technology Management, 36(3), 41. Retrieved from http://search.proquest.com/docview/213812096?accountid=458

Hsieh, Y. H., & Chen, H. M. (2011). STRATEGIC FIT AMONG BUSINESS COMPETITIVE STRATEGY, HUMAN RESOURCE STRATEGY, AND REWARD SYSTEM. Academy of Strategic Management Journal, 10(2), 11-32. Retrieved from
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