Employee Reward System : Report

Added on -2020-07-23

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Employee Reward
Table of ContentsINTRODUCTION...........................................................................................................................1QUESTION......................................................................................................................................11. Organisation reward plan with proper information communication to employees.................12. Purpose of organisation reward plan ......................................................................................23. Using appropriate theory identify the types of reward............................................................24. Suitable recommendations to improve reward plan system....................................................35. Recommendations by using Wilson Bros. Case scenario.......................................................4CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
INTRODUCTIONEmployees of any organisation are helpful in attain all the targets and goals in aneffective manner. Hence, for achieve such goals, management have to use variety number ofapproaches through which they can encourage their workers to work with more will and enablethem to ascertain maximum profit (Chiang and Birtch, 2011). Employee reward is a conceptwhich signifies about that how an organisation employees are going to encourage to performeach and every sort of activity in an appropriate manner. This report is based on the Fairmontpacific rim which is one of a luxury hotel in UK. For any service sector organisation, they haveto choose appropriate factor through which quality service can be address to their guest. Hence,management have to prepare a reward plan and communicate it properly to users. Also, purposebehind such thing is described in this assignment. Moreover, with appropriate recommendationsmanagement have to improve their plan of reward. This reward system is manage with support ofHR department of a company. QUESTION1. Organisation reward plan with proper information communication to employeesReward consider as such factor of a business which is used with a purpose to motivatetheir number of employees. This is termed as essential thing because with the assistance of thismanagement can increase their productivity and services which are provided by them. A perfectmanagement plan is must for this purpose and communicate the same with number ofemployees. Fairmont Pacific Rim offers to their associates some number of benefits and rewardthrough which they can gain proper attention of their employees on services which serve bythem. Discount card: Management provide a discount card to their associated under whichthey can gain the benefit of services on appropriate discount rate on services which offerby an organisation (Wei, Frankwick and Nguyen, 2012). Also, they are capable in takingthe advantage of any kind of health care services not only them by their family also. Associate stock plan: As per this, company offer some number of stock to theiremployees at the time when they cross a maturity period. Associate do not need to paysome amount of money for that but they can gain the benefit of that by taking profitmargin. 1

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