Analysis of Unilever's Uniform Reward Policy, Forces & Improvement

This report provides a detailed analysis of Unilever's uniform reward policy, which focuses on fair compensation, benefits, and bonuses to motivate employees. It examines how this policy aligns with the company's culture and performance goals, attracting and retaining talent while creating a competitive advantage. The report assesses the forces impacting reward management, including motivation, engagement, productivity, competition, employee retention, economic trends, business performance, and government policies. It also offers recommendations for improving Unilever's reward management system, such as using performance standards, promoting work-life balance, providing employee benefits plans, and recognizing achievements. The report concludes that Unilever's reward policy is generally fair and consistent, with ongoing efforts to improve and personalize benefits through platforms like uFlex Reward.

UNIFORM POLICY

Table of Contents.
INTRODUCTION...........................................................................................................................3
MAIN BODY .................................................................................................................................3
Analysing and Assessing of uniform reward policy ...................................................................3
Assessing of the Forces impacting on reward management........................................................4
Recommendations how to improve reward management system ...............................................6
CONCLUSION ...............................................................................................................................7
REFERENCES ...............................................................................................................................8

INTRODUCTION
Uniform reward policy are mainly defined about describing for paining structures. It is
mainly consisting of the employees allowances, benefits, bonuses which is used as rewards for
motivating and encouraging for working better. The uniform reward policy of the company is
mainly established as for providing and collaborating with the linking the culture and
performance of the company. The main purpose of designing the reward policy is for attracting
various individual and motivating as by boosting more engagement and supports in retaining
employees for achieving the results. Reward policy helps in creating and achieving the
competitive advantages for the company by promising employees for treating and providing
superior results by inspiring and motivating employees for working better. Unilever reward
policy is mainly providing fair rewards to all employee and management staff personnels
working in the company. Its rewards policy is fair, open, consistent. This report provide detail
about the reward's policy used by the company, analysing the uniform reward policy followed by
the company. Further, assessing the forces impacting the reward management. Lastly giving
recommendation for improving rewarding system.
MAIN BODY
Analysing and Assessing of uniform reward policy
Uniform reward policy of the company is mainly giving reward to all the employees
working at the same level on the fair basis. Providing fair compensation to all the employees as
with providing equally paying for equally working without discriminating. This related policy f
rewarding employee working in the company mainly providing the fair portion of rewards which
are mainly appointed as the directors also other members working at the same level of authority
in the company. Creating and aligning the policy as of providing the same level for the directors
of the company (Unilever my reward powered by uFlex reward, 2022). The average yearly
appraisal and rewarding systems is engaged with providing 14% to all the employees working
under different departments at different levels. The company is mainly stating the reward policy
and forming by treating and respecting all employees with equal rights and treating every
employee and individual working in company at same level. As by providing equal rewards and
benefit on the fair basis of performance. Providing rewards to employees without discriminating
as by considering the age, colour, religion, gender as irrespective of the class and creed. Also

recruiting the employees for working by considering all the factors and treating employee on fair
basis.
The company has mainly set up “My reward” collaborating with the uFlex Reward, this
platform is being set up for designing and paying employee with logic. This aids in specifying
about the logic pays, giving bonuses to employees, opinions, benefits and perks to all employees
ate same level. This software of providing the rewards of employees gives detail information
about all the employees working in the company. The personalization of the rewards system and
policy of the company is providing personalization of inputs with providing all the detail and
messages to all the employees working at different level the company is rewarding the
employees working at same level at same rewards irrespective of the age and other factors
(Unilever reaps rewards from home-grown employee benefits system, 2022). Further this rewards
policy of providing the same reward enables the employee for providing real time feedback to
the rewards provided by the company to the employees.
This reward policy of Unilever is proven to be effective because it is able to prove that it
is providing uniform rewards to employee working at same level with same responsibilities. As
th fair and fixed compensation to the employees with giving lowest grading if employees as with
providing the fixed cash and non cash benefits. Further, fulfilling all the needs of employees with
providing additional benefits. Also, the part-time employee compensation and rewarding are
based in the full time fixed compensating system. Also, the company is stating and market the
regulation of providing the rewarding for equal working with no discrimination as by fairly
reflecting on the skills, experiences and fulfilling the minimum level of standard for providing
the rewarding with minimum level of standards (Tien, 2020). This reward policy as of rewarding
the employees working in the company is regularly reviewed. Setting the rewarding policy with
the simplicity and setting the simplifying procedures helps in working and better engaging
employees for working with the fullest for serving the society with providing all the necessary
goods and various products for severing the nutrition, hygienic, beverages and personal care
products to al the consumers.
Assessing of the Forces impacting on reward management
Reward management is defined about the process of providing rewards and establishing
various policies as for setting the rewards according to the performance and contributions in the
company. Various factors as of internal and external factors impacting the rewarding

management systems as for setting and providing rewards to all employees working in the
company. Various forces and factors which is impacting the company rewarding managements
systems are as follows:
Motivation: Motivation is the factor which is impacting the reward's management. As
company is mainly designing and giving the rewards as for increasing the motivation level of
employees for working in th company (Perkins ed., 2018). As with lack of employee motivation
level hinders in working and proper attaining the objectives of the business. Rewarding
employee give positive impact and helps in increasing and resulting in better employee
performance.
Engagement: Rewarding employees is mandatory and it is impacted by the factors as for
creating better engagement for working with full enthusiasm in the company. Engagement is the
factors which is impacting the rewarding, company mainly established rewarding as for better
engagement and recognized working as for providing fair and consistent rewarding for better
engagement result in creative performance.
Increasing productivity: This factors mainly impact the rewarding system as by lack of
productivity and low morale impacts the company operations. For this rewarding employee's for
working better helps in increasing productivity (Tao, Evans, Wen and Ma, 2019). Rewarding
employees mainly as for completing the assigned task in the proper manner and on time. Thus,
this factors impact the rewarding system of the company and aims setting proper policy as for
increasing the productivity of employee.
Competition: With the increasing competition in the market, employees resist for
working in the same company as various other opportunities and new companies providing
various new benefits to employees. For this with the increasing in the market trends and high
level of completion in the dynamic market affects the rewarding systems. Thus, for this it is
important for the Unilever company for establishing proper rewarding employees.
Employee retention: This is the major factor as which changing the market conditions
various forces impacting the employees. With not providing proper rewards and recognition
hinders and resist employee for working in the company and serving best (Improving and
sustaining performance through rewards, 2022). Thus, this factors impacts the rewarding
system, as establishing the rewarding and providing various monetary and non monetary bonuses

for retaining potential employees as for serving best to all the consumer by fulfilling needs of
the company.
Economic trends: With rising in the economic trends as of more inflation level, results
in increases more expectation of getting higher salaries by the employees as for fulfilling there
needs due to high prices in the market (Pedersen and et.al., 2022). Further the uncertain
employment rate impact the rewarding practices and management in the company as for
retaining the potential staff for working in the company.
Business performance: The business performance impacts the rewarding management
of employees. As when th business and company is performing better helps in providing
continuous improvements in very businesses aspects for operating the workings (Dik and et.al.,
2019). This aids in reducing employees for working efficiently and minimizing the employee's
dissatisfaction with proper rewarding.
Government policies: The policies and regulations of governments impact designing and
forming the rewarding. As when various rules and regulations of government must be complied
as for providing the rewarding and compensating all employees for their efforts and providing
bonuses for extra working in equal basis impacts the rewarding systems and aids in establishing
the rewarding as per the rules and regulations.
Thus, these are all forces and factors which is mainly impacting the reward's management
systems and aids in establishing the rewarding a for fulfilling the desired outcomes and achieving
the success for the business. Also, these factors must be considered for forming the proper
rewarding systems and policy for the company in achieving the employees better engagement
and aids in motivating workforces.
Recommendations how to improve reward management system
 The company must use performance standards for creating better rewarding systems this
helps in rewarding employees and establishing inclusive approach in the company.
 The company must go with setting and Promoting work life balancing with rewarding
helps in establishing and better engaging employees working in the Unilever(5 ways to
make your reward programme more effective, 2022). With providing the flexible working
schedules and rewarding as for concerning the employees well-being.
 The company must improve rewarding system as by Providing various employees
benefits plans as assistance plans, counselling as for acquiring credit to the employees.

 Unilever must mould and aims for Setting the rewarding management systems for
enhancing the continues learning and developments programs.
 They must recognize the small and large achievements and provide additional benefits
than the current rewarding systems helps in enhancing and praising employees for small
and better efforts.
 Creating the effective rewarding policy by considering all the diverse workforce working
in the company, as this helps in improving the reward systems and helps in providing the
best results for offering the innovativeness and creativeness of efforts as for rewarding
the employees working in the company.
CONCLUSION
From the above report it can be concluded that , reward policy is mainly defining abut the
compensation and paying structure of the company. This is manly given to employees for
motivating and working according to the desired manner as or achieving the results. Various
monetary and no monetary benefits given as reward to employees. Unilever is following fair,
consistent reward policy and management system. Also, hearing employees voice and using
various innovation tool for improving the rewarding systems and Compensating, rewarding
employees with providing various benefits. The Unilever company is expanding its portfolio in
the uFlex Reward for providing various employees benefits and allocating all the system for
providing the personalized benefits. In this analysis it is been analysed various forces impacting
the reward's system. Lastly recommanding various suggestions for improvement of the
rewarding system of the company.

REFERENCES
Books and journals
Dike, V.O and et.al., 2019. THE EFFECTS OF MOTIVATIONAL STRATEGIES ON SALES
FORCE PERFORMANCE IN THE PUBLISHING INDUSTRY IN ANAMBRA
STATE. Nnadiebube Journal of Social Sciences. 2(2).
Pedersen, H., and et.al., 2022. Food Reward after a Traditional Inuit or a Westernised Diet in an
Inuit Population in Greenland. Nutrients, 14(3), p.561.
Perkins, S.J. ed., 2018. The routledge companion to reward management. Routledge.
Tao, Y., Evans, S., Wen, Z. and Ma, M., 2019. The influence of policy on industrial symbiosis
from the Firm's perspective: A framework. Journal of Cleaner Production, 213, pp.1172-
1187.
Tien, N. H., 2020. Staff motivation policy of foreign companies in Vietnam. International
journal of financial management and economics, 3(1), pp.1-4.
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5 ways to make your reward programme more effective. 2022.[Online]. Available through:
<https://employeebenefits.co.uk/5-ways-to-make-your-reward-programme-more-
effective/>
Improving and sustaining performance through rewards. 2022.[Online]. Available through:
<https://www.betterplace.co.in/blog/improving-and-sustaining-performance-through-
rewards/>
Unilever my reward powered by uFlex reward. 2022.[Online]. Available through:
<https://www.uflexreward.com/resource/unilevers-myreward-powered-by-
uflexreward/>
Unilever reaps rewards from home-grown employee benefits system. 2022.[Online]. Available
through: <https://diginomica.com/unilever-reaps-rewards-home-grown-employee-
benefits-system>