Reward Management in Hotel Atlas: SWOT Analysis, Impact of Business Drivers, and Data Collection

Running head: REWARD MANAGEMENT
Reward Management
Name of the Student:
Name of the University:
Author’s Note:

1REWARD MANAGEMENT
Executive Summary
The report sheds light on the construct of reward and recognition and its related aspects in the
particular context of the organization Hotel Atlas. The report begins by providing a brief
introduction of the organization Hotel Atlas and the reward management policies used by it.
The report next undertakes a SWOT analysis of the reward policy followed by the concerned
organization. The impact of the business drivers and the other important factors on the reward
policy followed by the organization is also analyzed along with a discussion of the data
gathering process used by the organization for the reward system. The report at the same time
discusses about the concept of total rewards and the importance it renders to the concerned
organization. Furthermore, the report also discusses about the concepts of fairness, equality
and others which form an integral part of the reward system of the organization along with
the implementation policy which is being used by the concerned organization. The report also
discusses about the role of line managers regarding the reward strategy that is being followed
by the concerned organization. Finally, the report concludes with a discussion of two
initiatives that the line managers of the concerned organization can use to improve the reward
policy of the concerned organization, namely, taking into account the contribution made by
the employees rather than the quantifiable data and the formulation of an adequate
organizational culture.

2REWARD MANAGEMENT
Table of Contents
Introduction................................................................................................................................3
Hotel Atlas.................................................................................................................................4
Reward Management in Hotel Atlas..........................................................................................4
SWOT Analysis of existing human resource policies............................................................6
Impact of business drivers and other factors..........................................................................7
Data collection and reward intelligence.................................................................................8
Reward principles and implementation of reward policies and practices..................................9
Total rewards and its importance...........................................................................................9
Importance of equity, fairness, consistency and transparency.............................................10
Extrinsic and intrinsic rewards.............................................................................................11
Reward policy initiatives and practices and their implementation......................................12
Role of line managers in making reward decisions.................................................................13
Line managers and their contribute to reward decision-making..........................................13
Examples of actions/initiatives............................................................................................13
Conclusion................................................................................................................................14
References................................................................................................................................16

3REWARD MANAGEMENT
Introduction
The notion of employee motivation has gained a significant amount of prominence
within the modern business world and it is directly related to the aspect of the job
productivity of the employees (Shields et al. 2015). Furthermore, the lacuna of the majority
of the business enterprises of the modern era is to gain an enhanced amount of profit and the
employees by virtue of being the building entities of these enterprises gain special
prominence in this particular regard (Shields et al. 2015). Moreover, recent research works
have suggested that the overall efficiency as well as the productivity of the diverse business
enterprises depend on the motivational level and also the individual job productivity of the
employees of the concerned organization (Aguenza and Som 2018). In this regard the various
organizations are actively taking the help of the diverse kinds of motivational means so as to
improve the job productivity and also the satisfaction level of the employees. The construct
of reward and recognition becomes important in this particular regard and is being actively
utilized by the various organizations for purpose of motivating the employees.
One of the most inherent desires of the human beings is to get recognized for their
hard work as well as dedication towards the kind of job roles that they perform (Boxall,
Hutchison and Wassenaar 2015). The machinery of reward and recognition is being
constructed with the specific agenda to fulfill this particular desire of the human beings
(Boxall, Hutchison and Wassenaar 2015). It is pertinent to note that the reward and
recognition varies from organization to organization. For example, on the one hand there are
organizations, which provide monetary rewards and other kinds of perks to the hard working
employees who perform above the expectation of the concerned organization (Anitha 2014).
On the other hand, there are organizations that provide designations and other kinds of
benefits to the employees for their hard work. Lu et al. (2016) hold the viewpoint that the