5HR03: Reward for Performance and Contribution at Home International

This report evaluates reward principles and their importance in organizational culture, focusing on Home International, a furniture manufacturer and online retailer. It discusses intrinsic and extrinsic rewards, new policy initiatives like annual incentive plans and spot awards, and the impact of these rewards on employee and organizational performance. The report compares performance-related pay with intrinsic rewards, highlighting the benefits and drawbacks of each. It also examines the effectiveness of performance review meetings, such as 360-degree feedback, and the role of line managers in making reward judgements. The conclusion emphasizes the importance of integrating rewards into the organizational culture to motivate employees and improve performance. Desklib offers additional resources, including past papers and solved assignments, to aid students in their studies.