Preview

Establishing Rewards and Pay Plans

Powerful Essays
Open Document
Open Document
2254 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Establishing Rewards and Pay Plans
ADROIT
Assignment on Establishing Rewards and Pay Plans
ADROIT
Assignment on Establishing Rewards and Pay Plans
Date: 28-06-13
Date: 28-06-13

Submitted to:
Dewan Niamul Karim
Chairman,
Dept. of Management Studies
Jahangirnagar University
Savar, Dhaka
Submitted to:
Dewan Niamul Karim
Chairman,
Dept. of Management Studies
Jahangirnagar University
Savar, Dhaka

Course: Human Resource Management
Course Code: MGT 301

Submitted By:

| | Group Members | ID. No. | Farjana Akter | 684 | Manal Binte MD. Ullah | 686 | Asura Akter Sunna | 692 | MD. Noyan Mian | 725 | Murshida Rahman | 1956 | Jalish Mahmud Shuvo | 1958 |

Group Leader: MD. Noyan Mian

Letter of Transmittal
28 June, 2013
Dewan Niamul Karim
Chairman,
Department of Management Studies,
Jahangirnagar University
Savar, Dhaka

Subject: Submission of an assignment on Establishing Rewards and Pay Plans.
Dear Sir,
It is an honour and great pleasure for us to submit our assignment on Establishing Rewards and Pay Plans.

During the process of preparing the report, we get the chance of experiencing and rediscovering our potentials. This report gave us an opportunity to apply our theoretical expertise, sharpen our views, ideas and communication skills, which will help us in our future professional career. In making this report, we had to take help from the various sources of internet, and class lectures of our course teacher. We are grateful to them for extending generous help.
We hope that this report will be up to your expectation and draw your appreciation. If you have any question or inquiry regarding this report, please contact with us. We are looking forward to receiving your comments and suggestions on this report.

Yours truly,

___________________ ____________________ Farjana Akter Manal Binte MD. Ullah Asura Akter Sunna ID- 684 ID- 686 ID- 692
___________________ ____________________


References: 1) http://smallbusiness.chron.com/teambased-compensation-vs-individual-17583.html 2) http://www.slideshare.net/alizulfiqar6061/ch11-hrm-garry-desslar-13325028 3) http://en.wikipedia.org/wiki/Compensation_methods 4) http://www.csmonitor.com/Commentary/the-monitors-view/2009/0612/p08s01-comv.html 5) http://dlc.erieri.com/index.cfm?fuseaction=textbook.chpt02 6) http://hr.uoregon.edu/oa/compensation-administration
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Enb110 project report
    • 5848 Words
    • 20 Pages

    Enb110 project report

    Thank you for the opportunity to express the ideas within this report. If there are any concerns or questions you may have, feel free to contact us.…

    • 5848 Words
    • 20 Pages
    Good Essays
    Read More
  • Good Essays

    HSM 220: Designing A Reward System
    • 1183 Words
    • 5 Pages

    HSM 220: Designing A Reward System

    The Human Service goal is to implement a rewards program that will encourage employees to go above and beyond their standard work ethics; for improvements within the organization to reach the intended goals at a faster and more efficient rate. The employee's performance will be the key element in determining who will receive the rewards. This will be done on a monthly basis and will be given to the employee who has produced the highest work performance. The managers of that department will choose a team leader who will work with the manager by helping to motivate the employees.…

    • 1183 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    The Best Laid Incentive Plan
    • 1357 Words
    • 6 Pages

    The Best Laid Incentive Plan

    The case study presents an interesting concept of organizational behavior and performance measurement systems. The CFO and Chief Administrative Officer of Rainbarrel products, Hiram Phillip was very confident about the changes he brought in Rainbarrel. He had been in the company for only a year and had done lots of infrastructural changes. Some of the changes included cost cutting in budget, headcount reductions of 10 % across all units, introducing the ‘wall of shame’ policy for customer care representatives, on time shipment policy. He felt, according to his metrics and figures, he had single handedly improved the company’s performances by leaps and bounds. And today was the day where he would present his numbers to the executives in the corporate executive council meeting. Hiram was applauded by the CEO Keith Randall in the meeting and everything looked good and positive until when certain information started coming out. It came to light for instance the, Research and Development department had developed a breakthrough product that was not being brought to market as quickly as it should have been—because of Hiram's inflexible budgeting process. An employee survey showed that workers were demoralized. The customers were unhappy and were complaining about Rainbarrel’s service.…

    • 1357 Words
    • 6 Pages
    Good Essays
    Read More
  • Better Essays

    Designing a Reward System
    • 1093 Words
    • 5 Pages

    Designing a Reward System

    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…

    • 1093 Words
    • 5 Pages
    Better Essays
    Read More
  • Better Essays

    Designing A Reward System In The Workplace
    • 1715 Words
    • 7 Pages

    Designing A Reward System In The Workplace

    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
    Read More
  • Better Essays

    The Use of Merit Pay and Incentives
    • 1743 Words
    • 7 Pages

    The Use of Merit Pay and Incentives

    The purpose of this paper is to explore the use of Merit Pay and Incentives…

    • 1743 Words
    • 7 Pages
    Better Essays
    Read More
  • Good Essays

    Designing a Reward System
    • 1255 Words
    • 4 Pages

    Designing a Reward System

    Designing a reward system for a human service organization is difficult. In fact designing a reward system where employers and management are both happy is difficult. Employees want something that gives them benefits beyond health insurance and paid time off (PTO). Employees want resect from management, good compensation, a chance to turn out quality work, chances for promotion, opportunities to do interesting work, the feeling that there job is important, being told by the boss “good job” when needed, opportunities for self-development and improvement and finally large amounts of freedom at work. Some of these benefits can be accommodated with no problem like good compensation for example, the more experience someone has the better pay they have a chance of getting. The only problem with someone having many years of experience is that they usually want more compensation then the company can afford to give. Chances for promotion are rare in many companies in today’s world. Society has proven to us that climbing the corporate ladder is not realistic anymore. However, many companies have openings in other departments that pay more money. This usually can satisfy the employees because it’s a chance for growth within the company with more pay but not the title and responsibilities. It has come to my attention that most employees want to be paid more money but don’t want the responsibilities.…

    • 1255 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Designing a Reward System
    • 1584 Words
    • 7 Pages

    Designing a Reward System

    Rewarding and recognizing employees is a ticklish business. It can motivate people to explore more effective ways to do their jobs - or it can utterly discourage such efforts.…

    • 1584 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    iPremier Case Analysis Report
    • 1712 Words
    • 6 Pages

    iPremier Case Analysis Report

    Please review the details in the report below. Don't hesitate to contact me if you have any questions or comments.…

    • 1712 Words
    • 6 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Incentive Reward Program
    • 846 Words
    • 4 Pages

    Incentive Reward Program

    management. I was told to assume any details or ideas that I wish in order to support…

    • 846 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Designing a Reward System
    • 1004 Words
    • 5 Pages

    Designing a Reward System

    National Institute on Drug Abuse (2008). Preventing Drug Abuse among Children and Adolescents, Retrieved July 6, 2008 from http://www.drugabuse.gov/prevention/prevopen.html…

    • 1004 Words
    • 5 Pages
    Good Essays
    Read More
  • Powerful Essays

    ACI Limited
    • 7441 Words
    • 30 Pages

    ACI Limited

    This report has been designed in accordance to your instructions and we hope that the material is easily comprehendible. If a need for clarification arises, we are more than ready to respond to your inquiries.…

    • 7441 Words
    • 30 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    A Case Study on Branding Bangladesh
    • 3196 Words
    • 13 Pages

    A Case Study on Branding Bangladesh

    Here is the assignment you allocated us to prepare on “Branding Bangladesh”. After researching and studying the current situation of the country based on collected data we have been…

    • 3196 Words
    • 13 Pages
    Powerful Essays
    Read More
  • Better Essays

    Load Shedding in Mirpur Area
    • 3314 Words
    • 14 Pages

    Load Shedding in Mirpur Area

    We are pleased to inform you that we have completed our assigned research paper on “Load-Shedding in Mirpur Area” which is a partial fulfillment of our course Business Research Methodology; course code BUS-405.…

    • 3314 Words
    • 14 Pages
    Better Essays
    Read More
  • Powerful Essays

    A New Entrepreneur How Developed/Build New Company--Pottery
    • 7711 Words
    • 31 Pages

    A New Entrepreneur How Developed/Build New Company--Pottery

    It is an immense pleasure for us to submit the Term Paper on “process of establishing a pottery Company.” to fulfill the requirement of BBA course of Entrepreneurial Development .…

    • 7711 Words
    • 31 Pages
    Powerful Essays
    Read More

Related Topics