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NEW AND IMPROVED REWARDS AT WORK 1

Running head: New and Improved Rewards at Work

New and Improved Rewards at Works

HRM 533 Total Rewards Dr. Mary Ann Wangemann

Strayer University

June 7, 2012

NEW AND IMPROVED REWARDS AT WORK 2 Abstract

Innovative employee rewards are designed to boost employee morale and in some cases helped to increase personal goal accomplishments within the company. This paper will attempt to explore the challenges faced with employee rewards and how innovations in employee benefits can improve the overall competitive compensation strategy of the organization.

NEW AND IMPROVED REWARDS AT WORK 3
Determine how innovations in employee benefits can improve the overall competitive

compensation strategy of the organization.

Innovations in employee benefits can improve the overall competitive compensation

strategy because of what may be offered to employees through each benefit. In order for

companies to be competitive in the job market, the benefits must be appealing to attract, retain

and motivate employees to build long term success. In today’s economy employee benefits

are becoming as important as pay may be for most

References: 1. Worldatwork (2007). The world at work handbook of compensation, benefits & total rewards. 2. Botsford, Erin The Big Retirement Risk: Running Out of Money Before You Run Out of Time Pub. Date:1/1/2012 Publisher: Greenleaf Book Group, LLC 3. Adams, J.S. 1965. Inequity in social exchange. Adv. Exp. Soc. Psychol. 62:335-343. 4. Hellriege, D., & Slocum (2010). Organizational Behavior (12th ed). Mason, OH: Cengage Learning 5. Fed EX Employee Handbook 2008 Edition

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