logo

Managing Workforce Engagement & Commitment : Doc

14 Pages3640 Words191 Views
   

Added on  2019-12-03

Managing Workforce Engagement & Commitment : Doc

   Added on 2019-12-03

ShareRelated Documents
Managing WorkforceEngagement & Commitment
Managing Workforce Engagement & Commitment : Doc_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1A. Understanding of total reward...........................................................................................1B. Evaluating how individual and organizational performance can enhance by selecting anappropriate reward strategy....................................................................................................4TASK 2............................................................................................................................................6Process of motivation and reward practices within Hilton hotel............................................6CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
Managing Workforce Engagement & Commitment : Doc_2
ILLUSTRATION INDEXIllustration 1: Total reward model...................................................................................................3Illustration 2: Reward strategies......................................................................................................6Illustration 3: Motivation process....................................................................................................8
Managing Workforce Engagement & Commitment : Doc_3
INTRODUCTIONThe main purpose of the study is to analyze the significance of reward managementwithin organization. It plays crucial part in all types of budget. However, in the era ofglobalization, traditional remuneration systems is facing serious consequences and which hasnegative effect on the performance of firm as well as workers. Therefore, it is essential forbusinesses to introduce best reward management strategies and compensation so that employeescan effectively attain business objectives (Vandeweghe and et. al., 2014). Total rewardmanagement can be stated that it effectively matches with the work ethic and pursuit of existingworkers. However, it is also the best reflection of emphasizing relationship among enjoyment ofreward elements and performance. For the current study, Hilton hotel has been selected in orderto evaluate the reward practices within enterprise for its employees and helps in improving theperformance of individual. TASK 1A. Understanding of total rewardStrategic reward can be stated on the design and practices of implementing long termreward policies and practices in order to closely support the business objectives and workerperformance. However, the concept of total reward involves the aspects of work which is valuedby individual as it helps them to provide wider pay and benefits. Implementing effective rewardsystem within organization helps firm to enhance the performance of workers and developopportunities to attain desired targets. Total reward system forms a part of strategic approach toreward for many workers (Watson, 2012). For instance, Hilton is required to undertake a totalreward approach so that employee can be motivated and attain business objectives effectively.Total rewards is the best tool available with management of hotel in order to attract, retain andencourage workers which results in improving relationship among employee-employer. In therapidly changing environment, it is essential for business to design different benefits andcompensation practices so that work culture of firm can be enhanced. However, business is required to implement total reward model that helps in developingand practicing the best relationship among workers in order to attain desired business objectives.Thus, implementing such model in business for providing compensation and benefits toemployees it helps firm to attract, encourage and retain professionals in order to provide them1
Managing Workforce Engagement & Commitment : Doc_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
The Role of Human Resource Management in Employee Motivation and Performance: Case Study
|16
|4100
|22

Ethical Problems in Reward Management - Hilton
|13
|3985
|175

Research Project
|12
|490
|322

Importance Of Reward Mechanism For Employee Motivation | Assignment
|9
|2503
|97

Motivational Theories and Recommendations for Starbucks
|10
|1240
|365

Research Project | Understanding Employee’s Motivation within Hilton Hotel
|19
|3315
|326