HR Report: Motivation, Reward, Compensation in Modern Organizations

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This report delves into the critical aspects of human resource management, specifically focusing on motivation, reward, and compensation strategies within organizations. It examines two research papers: the first investigates the relationship between reward strategies, task interdependence, team performance, and firm productivity, emphasizing the importance of rewarding employees to achieve organizational goals and highlighting the challenges HR professionals face in fairly compensating teams. The second paper provides an historical perspective, comparing and contrasting reward systems from the scientific management era with modern approaches, to understand the evolution of reward philosophies and their common goal of employee motivation. The report utilizes surveys and secondary research methods to analyze the impact of different reward systems on employee behavior and organizational success, emphasizing the shift from individual to team-based performance and the need to address potential conflicts within teams.
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Running head: MANAGING HUMAN RESOURCES
Motivation, reward and compensation
Name of the student
Name of the university
Author Note:
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Table of Contents
Week 10...........................................................................................................................................3
Objective of the Research................................................................................................................3
Method of the Research...................................................................................................................3
Argument/Findings..........................................................................................................................4
Conclusion.......................................................................................................................................4
Week 10...........................................................................................................................................5
Objective of the Research................................................................................................................5
Method of the Research...................................................................................................................5
Argument/Findings..........................................................................................................................6
References........................................................................................................................................7
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Week 10
Motivation, reward and compensation
Cooperating Teams and Competing Reward Strategies: Incentives for Team Performance
and Firm Productivity.”
Objective of the Research
The objective of the following research is to investigate the relationship among the
different reward strategies, task interdependence, team performance and productivity of the firm.
The research has helped to identify the difference in performance that reward and other benefit
strategies can bring into the organization. One of the toughest tasks of the management of the
companies is to motivate the employees of the organization properly to achieve the goals.
However the research has shown the importance of awarding the employees as it will help the
company to achieve the goals of the organization quite easily.
Method of the Research
Research methodology is the ways by which the researcher designs the research
according to its needs. The researcher may use any one or in some cases more than one method
to achieve the goals of the research. The researchers in this particular work have conducted a
survey involving managers and executives from well over 250 organizations to determine the
reward strategies used by them to ensure the success of the organization. The researchers had
also used the following method to identify the structural impact of work designing for different
teams rather than individual persons. The sample was selected from the membership of the
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MANAGING HUMAN RESOURCES
largest group of human resource professionals. The final sample size was selected from a strong
size of 13,000 members.
Argument/Findings
The research was able to find out the idea behind the strategy of the organizations to
provide rewards to the employees in order to motivate them and reach the goals of the
organization (Howard Turban & Hurley 2016). The most significant discovery of the research
was that the perplexing challenges facing human resource professionals in the modern days
involves ways to compensate the teams and members of the team in a fair and efficient manner.
The main focus of the organizational works lies in team building and thus building a proper team
and redesigning the organizational structure is key to the success of the industry.
Conclusion
The researchers have presented a proper idea about the upper level knowledge of the
workers in the high tech industries. The researchers have stressed upon the importance of the
issues that the large scale companies face in the absence of a proper policy of rewarding the
employees. The researchers have highlighted the importance of promoting a team based
performance in the workplace. The study has also shown the different conflict situations that
might arise in the team and the ways to mitigate such risks.
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Week 10
Motivation, reward and compensation
“An Historical Perspective of Reward Systems: Lessons Learned from the Scientific
Management Era”
Objective of the Research
The objective of the research is to identify about how much similarity does the reward
systems of the scientific management era offer with the present day reward management
systems. The research helps to compare and contrast the existing set of reward systems and the
different underlying premises in them. Additionally the researchers have also tried to determine
the reward philosophies of the modern day. The following objectives of the research will help the
readers to get a thorough idea about reward management of a company.
Method of the Research
The researcher of a project can use different methods in the research. The particular
research has been completed based on two different methods which comprised of an interview
with the HR officials of the different companies and a secondary research approach which
comprised of sources of a number of different articles. Both the methods were equally important
to complete the research in a proper manner as the primary sources offered an inside picture of
the traditional and present day reward policies followed and the secondary analysis helped to
deduce the different statistics based on the above topic.
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MANAGING HUMAN RESOURCES
Argument/Findings
The significance of the scientific management era to the field of management in general,
and to the field of the compensation management, in particular has been discussed quite clearly
in this study (Caudill & Porter 2014). The different ideas that are presented by the different
experts in the traditional era have been compared and contrasted with the existing reward
systems. The reward system advocated during the scientific area differed vastly from that of the
modern era. This has been mainly due to the large difference in the demands of the modern
competitive market.
Conclusion
The researchers have been able to meet all the goals of the study which was to determine
the difference and similarities that exists between the present day reward philosophies and the
philosophies of the traditional times. The reward philosophies though vastly different in nature
have the most common cause for formulation. The philosophies are formulated just to make sure
that the employees are motivated and they can easily achieve the goals of the organization.
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References
Caudill, H. L., & Porter, C. D. (2014). An historical perspective of reward systems: Lessons
learned from the scientific management era. International Journal of Human Resource
Studies, 4(4), 127.
Howard, L. W., Turban, D. B., & Hurley, S. K. (2016). Cooperating teams and competing
reward strategies: Incentives for team performance and firm productivity. Journal of
Behavioral and Applied Management, 3(3).
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