Business Strategy Management: Reward Analysis and Key Principles

Running head: BUSINESS STRATEGY MANAGEMENT
BUSINESS STRATEGY MANAGEMENT
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Table of Contents
1. Reward Analysis..........................................................................................................................2
1.1 Relevance of Reward Data....................................................................................................2
1.2 Availability of Reward Data..................................................................................................3
1.3 The links between Reward and Business Strategy in the organisation.................................4
1.4 Organisation’s existing Reward Strategy contributing to its success....................................5
2. Key Reward Principles................................................................................................................6
2.1 Total reward...........................................................................................................................6
2.2 Best Practice..........................................................................................................................7
3. Role of Line Manager..................................................................................................................9
4. Conclusion and Recommendations............................................................................................11
References......................................................................................................................................13

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1. Reward Analysis
The reward analysis helps in considering the prospects of the change in the company and
the manner in which it helps in modifying the structure through the constant collaborative action
of the employees and the management. The major aspects of the transition that is planned by the
organizations are based on keeping the workforce motivated and centralized towards their work.
The proper understanding of the respective responsibilities of the company has helped in
determining the shifts in the culture of the organization. The employee centric approach of the
organization is determined through the rewards and the recognition programs that helps in
keeping the workforce motivated. This section of the report aims at determining the different
aspects of the rewards and the recognitions undertaken by the company, Apple inc.
1.1 Relevance of Reward Data
The reward system that is commenced by the company, Apple inc., is based on
determining the different motivational factors for enhancing the sustenance of the organization.
The characteristic elements of the rewards that are considered by the company is based on the
fact that the company has taken steps to recognize and reward the employees in order to keep the
employees motivated to work (Mohlala, Goldman and Goosen 2012). The company has taken
steps for determining the different factors that helps the same in undertaking the frequent
changes in the functioning of the business as per the needs of the customer demands. Apple has
created opportunities for different employees to grow in the career, which has helped in bringing
forth modifications in the functioning of the business in the market. The reward system that is
developed by the company is based on the determination of the manner in which the company

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has undertaken steps to develop their innovative nature through the rewards and the recognitions
of the employees. The reward data helps in determining the various aspects of the modifications
in the organization structure in the markets. It helps in determining the steps that are taken by the
organization in order to make a note of the needs of the same in the market. The changes in the
market are facilitated through the understanding of the smooth functioning of the processes and
the workforce of the organization.
1.2 Availability of Reward Data
The reward systems that are being considered by the company is based on the
determination of the needs of the employees to make their progression in the career is based on
the understanding of the segmentation of the reward systems in two halves- external and the
internal. The various aspects of the transition that is planned by the company is based on the
understanding of the availability of the reward data and the manner in which it is to be
implemented based on determining the needs of the employees to progress (Fonarow et al. 2015).
The motivational systems that are being implemented by the organization are based on
determining the different prospects of the transition in the functioning of the business in the
market. The internal and the external systems of the rewards have helped in ensuring the
remuneration of the employees. On the other hand, the determination of the different
characteristics of the change is based on the functioning of the activities that are faced by the
organization for determining the retention of the employees in the organization.
1.3 The links between Reward and Business Strategy in the organisation
The reward systems that are undertaken by the company are based on the determination
of the various aspects of the strategies in order to determine the smooth functioning of the