Evaluating Reward Management's Impact on Business Strategy: Apple Inc.

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This report provides a comprehensive analysis of reward management strategies and their alignment with business objectives, using Apple Inc. as a case study. It examines the relevance and availability of reward data, both internal and external, and explores the links between reward systems and overall business strategy. The report critiques Apple's existing reward strategy, highlighting factors contributing to its success, and evaluates key reward principles such as total reward and best practices in equitable policy. Furthermore, it discusses the role of line managers in reward decisions and provides recommendations for enhancing reward management practices to drive sustainable organizational performance and employee motivation within the context of Apple's business environment. The report emphasizes the importance of aligning reward systems with business goals to retain skilled workforce and foster innovation.
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Running head: BUSINESS STRATEGY MANAGEMENT
BUSINESS STRATEGY MANAGEMENT
Name of the student
Name of the university
Author note
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Table of Contents
1. Reward Analysis..........................................................................................................................2
1.1 Relevance of Reward Data....................................................................................................2
1.2 Availability of Reward Data..................................................................................................3
1.3 The links between Reward and Business Strategy in the organisation.................................4
1.4 Organisation’s existing Reward Strategy contributing to its success....................................5
2. Key Reward Principles................................................................................................................6
2.1 Total reward...........................................................................................................................6
2.2 Best Practice..........................................................................................................................7
3. Role of Line Manager..................................................................................................................9
4. Conclusion and Recommendations............................................................................................11
References......................................................................................................................................13
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1. Reward Analysis
The reward analysis helps in considering the prospects of the change in the company and
the manner in which it helps in modifying the structure through the constant collaborative action
of the employees and the management. The major aspects of the transition that is planned by the
organizations are based on keeping the workforce motivated and centralized towards their work.
The proper understanding of the respective responsibilities of the company has helped in
determining the shifts in the culture of the organization. The employee centric approach of the
organization is determined through the rewards and the recognition programs that helps in
keeping the workforce motivated. This section of the report aims at determining the different
aspects of the rewards and the recognitions undertaken by the company, Apple inc.
1.1 Relevance of Reward Data
The reward system that is commenced by the company, Apple inc., is based on
determining the different motivational factors for enhancing the sustenance of the organization.
The characteristic elements of the rewards that are considered by the company is based on the
fact that the company has taken steps to recognize and reward the employees in order to keep the
employees motivated to work (Mohlala, Goldman and Goosen 2012). The company has taken
steps for determining the different factors that helps the same in undertaking the frequent
changes in the functioning of the business as per the needs of the customer demands. Apple has
created opportunities for different employees to grow in the career, which has helped in bringing
forth modifications in the functioning of the business in the market. The reward system that is
developed by the company is based on the determination of the manner in which the company
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has undertaken steps to develop their innovative nature through the rewards and the recognitions
of the employees. The reward data helps in determining the various aspects of the modifications
in the organization structure in the markets. It helps in determining the steps that are taken by the
organization in order to make a note of the needs of the same in the market. The changes in the
market are facilitated through the understanding of the smooth functioning of the processes and
the workforce of the organization.
1.2 Availability of Reward Data
The reward systems that are being considered by the company is based on the
determination of the needs of the employees to make their progression in the career is based on
the understanding of the segmentation of the reward systems in two halves- external and the
internal. The various aspects of the transition that is planned by the company is based on the
understanding of the availability of the reward data and the manner in which it is to be
implemented based on determining the needs of the employees to progress (Fonarow et al. 2015).
The motivational systems that are being implemented by the organization are based on
determining the different prospects of the transition in the functioning of the business in the
market. The internal and the external systems of the rewards have helped in ensuring the
remuneration of the employees. On the other hand, the determination of the different
characteristics of the change is based on the functioning of the activities that are faced by the
organization for determining the retention of the employees in the organization.
1.3 The links between Reward and Business Strategy in the organisation
The reward systems that are undertaken by the company are based on the determination
of the various aspects of the strategies in order to determine the smooth functioning of the
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workforce. On the other hand, the strategy that is planned by the organization is based on
keeping up the performance of the workforce through the entitlement of the rewards and the
recognitions that are undertaken by the organization in the market. The entitlement of the
rewards has facilitated the growth of the strategy that is undertaken by the organization in order
to facilitate the functioning of the same in the market (Fonarow et al. 2015). Many employees
were interviewed of the company and was recorded that the remuneration system of the
organization is more favourable than any other companies in the industry. It has helped the
organization in retaining their skilled workforce in the organization resulting to its progress in
the international markets. The major aspects of the transition, as per the requirements of the
organization, are based on the understanding of the retention of the employees through the
proper remuneration and reward and recognitions systems.
The strategy of the organization is based on the understanding of the needs of the
employees in order to develop the various aspects of the transition in the systems and the
processing of the activities of the organization in the market. The company has taken steps to
develop the different aspects of the change in the functioning through the motivation to the
employees. The rewards and the recognition that is being undertaken by Apple help in
maintaining the internal competition between the internal and the external departments that helps
the organization in maintaining their standards in the market through continuous innovation. The
rewards that are being entitled to the people based on the continuous innovation has helped the
same in retaining the free functioning of the organization as per the needs of the sustenance if the
same in the market.
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1.4 Organisation’s existing Reward Strategy contributing to its success
According to the employees of the organization, Apple inc., there are various
compensation policies that helps in the proper functioning of the employees through motivation.
According to Fonarow et al. (2015), the software engineer of the organization earns around
$76,000 per annum. According to Özutku (2012), a tenured software engineer at Apple inc.
usually make more than $100,000 depending on their level of experience and expertise. There
are certain grants that are allowed to the employees in order to keep them motivated to their
respective job roles. It has helped in determining the various aspects of the transition in the
functioning of the organization.
The existing reward systems also includes certain discounts that the organization grants
to the people based on the determination of the different characteristics of the change in the
functioning of the business. On the other hand, the determination of the different aspects of the
progress that is undertaken by the organization is based on the understanding of the change that
is planned by the organization. The major aspects of the change are based on the performance of
the organization to overcome the challenges in the retention of the employees and the skilled
workforce of the organization. According to Mohlala, Goldman and Goosen (2012), the
different aspects of the transition that is being undertaken by the organization is based on the
functioning of the organization in the market. Therefore, in order to retain their skilled workforce
and keep the same motivated to their respective job roles, the organization has included an
enhancement in the reward system of the organization. The proper functioning of the
organization is characterized by the proper functioning of the organization in the market. It is
facilitated through the reward and the recognition of the employees which helps in retaining the
workforce of the organization in the market structure. The change in the functioning of the
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business is based on the understanding of the different change management policies of the
organization.
2. Key Reward Principles
The key reward principles that are implemented by the company is based on its need of
implementing the sustainable functioning of the organization in the market. The innovative
functions that are being undertaken by the organization have helped in determining the transition
in the functioning of the organization based on the change in the market trends. In order to
undertake the various aspects of the transition in the functioning of the business in the market the
organization has taken steps to develop the reward and recognition system. The basic functions
that are being taken by the organization are based on delivering the certain rewards and
recognition to the employees in order to empower and motivate the same in bringing forth the
sustainable growth. This section of the analysis is based on the understanding of the different
aspects of the change in the structure and the functioning of the organization in the market. The
key reward principles are based on the understanding of the different aspects of the change in the
functioning of the organization in the market.
2.1 Total reward
The total reward that is being conferred to the employees of the organization is based on
the understanding of the different aspects of the transition in the functioning of the company in
the market. The sustainable growth of the organization is based on the rewards and the
recognitions that are provided to the employees in order to keep them motivated to the work that
is being undertaken by them (Das and Baruah 2013). On the other hand, the determination of
the change in the systems is employee based, in order to keep them motivated to the work that is
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being undertaken by them. On the other hand, the determination of the change in the systems is
based on the understanding of the progress that is marked as the benchmark of the organization.
In order to retain the quality of the processes that are undertaken by the organization, the
company has taken steps to entitle the employees with rewards that will be helping the same in
innovating the different technologies and giving the employees the scope of expanding their
careers in the market (Özutku 2012). The total reward system that is undertaken by the
organization is based on the understanding of the objective of the organization to retain the
skilled workforce of the organization in the market. According to Suan Choo, Mat and Al-Omari
(2013) the accountability of any organization is based on the understanding of the change in the
structure of the remuneration that helps the company in retaining the skilled workforce of the
same in the market. The change in the structure and the functioning of the organization is
supported through the proper functioning of the workforce. Therefore, the sustainable
performance of the organization is based on the treatment that the organization meets out to its
employees. The proper understanding of the reward and the recognition that is being entitled to
the employees helps in determining the change in the structure and the functioning of the
business in the market.
2.2 Best Practice
The best practice that is undertaken by the company is based on the understanding of the
different aspects of the transition in the functioning of the organization in the market (Bradler et
al. 2016). The provision of a healthy workplace has helped the organization in sticking on to its
objective of undertaking the change in the structure of the business in the market. On the other
hand, the understanding of the different needs of the employees and thereby providing them with
the space for free innovation has helped in the progression of the organization in the market (De
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Gieter and Hofmans 2015). The technological advancements have helped the organization in
bringing in changes in the structure and the functioning of the business in the market. It has
helped the organization in adapting themselves to the sustainability objective of the same in the
market. The conduction of the different seminars and the communication that is taken by the line
managers has helped the organization in bringing in improvements in the structure and the
functioning through the rewards and the recognition that is provided to the employees to keep
them motivated to work.
The major aspect of the transition that is undertaken by the organization is based on the
determining the different activities that are being undertaken by the organization for facilitating
the change in the systems and the functioning of the business in the market. The reward and the
recognition that is entitled to the Apple employees have helped the same in maintaining the
balance in the management and the employees (Fonarow et al. 2015). It has helped in
undertaking a collaborative effort for undertaking the improvements based on the understanding
of the different aspects of the change as per the needs of its survival in the markets (Mark and
Smith 2012). The best practice that is being initiated by the organization is based on the
application of the transformational leadership, which has helped the organization to grow with
the proper coordination of the functions undertaken by the management of the organization and
the employees (Hameed, Ramzan and Zubair 2014). The organization understand that the
employees is the key success factor of the organization and therefore the company aims at
retaining its skilled workforce in order to bring in the progression in the business.
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3. Role of Line Manager
The role of the line mangers has helped in determining the different characteristic of the
change in the functioning of the organization. The change is based on the understanding of the
various responsibilities that are being fulfilled by the line managers in order to bring in
sustenance to the functions undertaken by the organization in the market. The role of the line
mangers helps in determining the smooth functioning of the processes as per the needs of the
organization to make continuous innovation and thereby develop a sustainable strategy for the
market.
The line manger undertakes steps of hiring new talents for the functioning of the organization in
the market. Therefore, the managers have taken steps to maintain the equilibrium in the skilled
workforce of the organization (Agwu 2013). The hiring activity that is undertaken by the
organization is based on the proper functioning of the organization based on the need of the same
in determining ad sticking on to the quality of the products that are delivered by the organization.
The major aspect of the change that is being undertaken by the mangers is based on the smooth
functioning of the workforce. The line manager also looks forward to measure the effectiveness
of the employees that are being recruited to the organization. The assessment of the benefits that
the organization derives from the hiring activity of the new talent is measured b the line manager
of the organization.
The line manager also look after the training need of the of the employees n order to facilitate the
smooth functioning of the workforce (Shields et al. 2015). The training helps in developing the
skills of the employees, which is beneficial for the progress of the organization in the
technological and the sustainable activities undertaken by the same in the market. On the other
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hand, the proper understanding of the training needs of the employees helps in determining the
empowerment that the manger seeks to induce in the employees (Aktar, Sachu and Ali 2012).
The line mangers communicates with the employees and thereby seeks to understand the
concerns of the employees in order to understand the needs of the same in order to undertake the
smooth functioning of the processes that are designed by the organization (Shah et al. 2012). The
communication helps in understanding the different issues that are faced by the employees and
thereby keeps the upper management of the organization aware of the issues. It helps the
organization in undertaking steps in order to resolve the issues and thereby make their progress
in the market through the smooth functioning. The proper communication with the employees
has helped the organization in undertaking steps in order to develop the processes that are
undertaken by the organization. It helps in bringing forth continuous improvements in the
structure of the organization, which results to a high retention of the employees in the
organization. The proper communication with the employees also helps the management of the
organization to come across with ideas that might well suffice to the needs and the requirements
of the people working for the system.
Monitoring over the activities that are taken by the employees of the different departments and
the manner in which the functions of the departments can be enhanced is one of the chief
concerns of the line managers in order to bring in the progress in the market situation of the
business (Bhatnagar 2014). It helps the manger in maintaining steps to rectify the issues and
thereby create new channels for quality checks of the activities that are undertaken by the
organization as per the needs of the same in the market (Presslee, Vance and Webb 2013).
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The understanding of the needs of the employees helps in determining the change in the structure
and the functioning of the organization in the market (Manzoor 2012). On the other hand, the
determination of the change in the structure and the functioning helps in maintaining the
sustainability index of the organization in the market. On the other hand, the determination of the
goals of the organization and communicating the same to the employees has helped the
organization in knowing its fits and starts in the business.
Providing the report for deriving the activity that is being undertaken by the organization is
based on the understanding of the different factors that affects the functioning of the organization
in the market. Therefore, the line manger helps in formulating the report of the performance of
its employees in order to support the functioning of the organization in the market.
4. Conclusion and Recommendations
The recommended actions that might be taken by the organization is based on the
determination of the different activities that are undertaken by the company in order to keep the
workforce of the same motivated and focused to the work. The recommended actions that might
be taken by the organizations are being discussed in this section of the analysis.
The understanding of the needs of the employees in order to define the issues is to be
undertaken by the organization. It helps the organization in resolving the issues for the smooth
functioning of the business in the market. On the other hand, the company must also take steps to
communicate with the employees in order to make them aware of the changes in the structure
and the functioning of the business for facilitating the business that is undertaken by the same in
the market structure. The basic understanding of the different requirements of the employees and
the concerns of the same relating to the rewards and the recognitions helps in determining the
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progress of the organization in the market. The sustainable approach of the organization is
backed by its ability to innovate as per the needs of the customers. Therefore, the company must
amends steps in order to give the employees the privilege of conducting research and undertake
innovations through the providence of the individual patents that might encourage the employees
to function in a smooth basis.
Therefore, from the above analysis it can be stated that the proper understanding of the
different factors of motivating the employees helps in determining the different aspects of the
sustainability that is being undertaken by the organization. The major aspects of the change in
the systems and the functioning of the organization helps in determining the progress of Apple in
the technological advancements that are being undertaken by the world. The different factor that
affects the functioning of the business in the market is based on the understanding of the rewards
and the recognition that is being given to the employees in order to keep them motivated in the
organizational structure. On the other hand, the determination of the functioning of the line
manager helps in understanding the proper functioning of the workforce as per the requirements
of the organization to bring in improvements in its systems. The recommended actions that are
required to be undertaken by the organization is also being enumerated as a part of the report
which helps to determine the reframing of the functions that the organization might undertake in
order to facilitate the change in the processes of the organization in the market.
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commercial banks of Bangladesh: an empirical study. IOSR Journal of Business and
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Bhatnagar, J., 2014. Mediator analysis in the management of innovation in Indian knowledge
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