Performance -Based Pay and Employee Rewards
When starting southwest airlines and red lobster choosing the proper method of compensating the employees can play an important role in the company's success. One method of compensation used to motivate their employees is performance-based pay. Performance-based pay is a method of compensation that involves paying employees based on the work they perform. Employee rewards and recognition are very popular. Awards can be in the form of money, prizes, plaques, travel, and public commendations. Recognition given After-the-fact display appreciation for individual or team efforts. Recognition can be tangible or intangible, and range from a thank-you card to travel. The rewards, and recognition goals or to attract, retain, and to motivate employees.
“More than thirty eight years ago, Rollin King and Herb Kelleher got together and decided to start a different kind of airline. They began with one simple notion: If you get your passengers to their destinations when they want to get there, on time, at the lowest possible fares, and make darn sure they have a good time doing it, people will fly your airline, Southwest Airlines Com, 2013.”
“Company founder Bill Darden opened his first restaurant, The Green Frog, at age nineteen. From the beginning, Bill’s restaurants focused on quality and service. With a passion for seafood, it was only a matter of time before Bill and his team opened the first Red Lobster in Lakeland, Fla., in nineteen sixty eight, Red lobster.com, 2013.” In the 1970s, the Darden company expanded into the Southeast, making the Darden company the leader in casual dining restaurants.
Southwest offers their Employees good health benefits, a way to save for retirement, discounted travel, and ways to learn, and grow. In 2011 southwest offered Employees, full-time and part-time employees the following, 1. Profit Sharing Plan. 2. Medical and Prescription Vision Dental. 3. Adoption. 4. Mental health assistance for employees.
“More than thirty eight years ago, Rollin King and Herb Kelleher got together and decided to start a different kind of airline. They began with one simple notion: If you get your passengers to their destinations when they want to get there, on time, at the lowest possible fares, and make darn sure they have a good time doing it, people will fly your airline, Southwest Airlines Com, 2013.”
“Company founder Bill Darden opened his first restaurant, The Green Frog, at age nineteen. From the beginning, Bill’s restaurants focused on quality and service. With a passion for seafood, it was only a matter of time before Bill and his team opened the first Red Lobster in Lakeland, Fla., in nineteen sixty eight, Red lobster.com, 2013.” In the 1970s, the Darden company expanded into the Southeast, making the Darden company the leader in casual dining restaurants.
Southwest offers their Employees good health benefits, a way to save for retirement, discounted travel, and ways to learn, and grow. In 2011 southwest offered Employees, full-time and part-time employees the following, 1. Profit Sharing Plan. 2. Medical and Prescription Vision Dental. 3. Adoption. 4. Mental health assistance for employees.