Managing Human Resources: Definition, Theories, and Analysis of Total Rewards Models

Managing Human Resources

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Definition and theories................................................................................................................3
Theories, practices and approaches.............................................................................................6
High level of performance...........................................................................................................7
Analysis of Tesco regarding fairness and equality......................................................................8
Analysis of Unilever....................................................................................................................9
Reward system.............................................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................12

INTRODUCTION
Managing human resource means to handle all the issues and problems within an
organisation. It is the responsibility of manager to solve issues of employees and manage all the
activities properly so that there will be no issue and it will be beneficial in growth of company
(Kerdpitak and Jermsittiparsert, 2020). Unilever is a public limited company founded in 1929. Its
headquarter is in London, England. It serves all over the world and provide products such as,
food, cleaning agents, ice cream, wellbeing vitamins. Tesco is a retail industry founded in the
year 1919 by Jack Cohen. It headquarters is in England, UK and serves Ireland, Hungary, Czech
Republic Slovakia. In essay, definition, theories and analysis of total rewards models, advantages
and disadvantages of each is discussed. Applicability of theory, best practices and approaches to
reinforce is described. Higher levels of performance with ever changing environment are
discussed. Further, critical analysis is being done regarding fairness and equality in organisation
total reward system is described.
MAIN BODY
Definition and theories
Total reward system refers to a system which is implemented by a business to motivate
employees. In every organisation it is important to give reward to employees so that they can
work efficiently and it helps in boosting confidence of members. It is the responsibility of
managers to evaluate performance of employees and make plans according to that. Training
should be provided to members so that they can understand what work is to be done and how to
do. Reward system helps in increasing efficiency of employees and boost their confidence
(Cascio, 2021). It will help in reducing absenteeism among workers and members will work
efficiently. It is duty of managers to measure performance of employees and take steps according
to that.
There are some benefits of reward system such as, it helps in motivating employees and
they feel engaged, improves relation between employer and employee, improve worker retention
and helps in boosting confidence. Reward system help in creating positive environment at the
workplace and increases employee engagement. This will reduce absenteeism and workers will
work efficiently. When training is provided to employees, it helps in developing interest and they

will learn new things. Reward system increases overall productivity of organisation and helps in
employee retention. There are two forms of rewards which are generally used by companies i.e.,
monetary and non – monetary (Rao and Singh, 2017).
In Tesco company rewards are given to employees according to their performance and
there is no discrimination among workers on any basis. All employees are treated equally and
have equal chance to get opportunity. Managers of company are setting standards for every
member and they take feedback from all workers present in the organisation. After evaluating
performance of workers, managers decide rewards or other benefits which should be given to
members for performing well (Fei, 2018). This helps in boosting confidence of employees and
develop interest among them. Rewards are given to workers so that they feel engaged and
motivated, help in creating positive environment in company. Employees are working hard so
that they can get benefits and feel motivated. It is important to apply some reward system to
maintain equality among workers and they will feel motivated.
In Unilever company, generally non – monetary benefits are provided to increase
productivity of firm and to boost morale of employees. It is important to give some non-
monetary benefits such as, holidays, extra amount is paid, trip for one week or any other way.
Managers of organisation make plans or strategies to evaluate performance of employees and
according to those rewards should be given. It is important to provide some additional benefits to
workers so that they feel motivated and relaxed. Holidays are given to members and to motivate
them bonus, increments and gifts are provided. This will help in reducing absenteeism and
employees will enjoy working. It will also reduce burden of employees and they can work
efficiently. Managers of company measure performance of every worker and give rewards
accordingly. When rewards or benefits are given to employees then it helps in boosting their
morale and they will feel motivated (Petrick and Furr, 2017).
Theories
Intrinsic and extrinsic
Intrinsic reward refers to benefits which employees get in the form of promotion, getting
career growth opportunities, appreciation, change in designation or any other benefit which is
intangible. This helps in increasing confidence of employees and boost their morale to perform
well. An employee is working efficiently in an organisation so that they can get promotion and it
will help in satisfying needs of workers. When they get promotion or their position level is