reward

Firstly what is a reward?

A reward system consists of financial rewards and employee benefits, which together comprise total remuneration.’ (Martin et al, 2010)

The organisation that I am familiar with its reward program is Phones4u, this company rewards in different ways, the company provides bonuses at the end of the week, for the sales assistance’s who earned the company with the most GDP (gross domestic profit) of that week, however the company goes further by rewarding, employees with the greatest amount of sales at the end of the year with a holiday of choice.

This organisation has different levels of reward, and this sorted by your position on the hierarchy table. For example mangers of each store get a 1,500 bonus when there store hits their targets , meanwhile staff only get their commission from sales, if the store hits their targets, so in a way, its gets everyone motivate as a team to work together in order, to have extra pay at the end of the month.

The paragraph above explains how different groups differ when it comes to reward, this is because some duties or job titles require you to do more than other jobs, this can all be to prevent staff from not being motivated, because if we think about it, if a manger is getting the same rewards as a sales assistant, the sale assistant wouldn’t be motivated, to become a manger. The manger may be less encouraged to work as hard seeing their efforts are crowned with the same reward as employees who do less work. Fairness is generally seen without anybody saying it’s fair. The only way everyone goes home with extra pay is working as a team, this is also ensured by personal efforts too.

Chief executives should get their large bonuses, only if they are put under scrutiny by an independent body at the end of year .

FOR

I.            The chief Executives are basically the decision makers of the company, and hold lot of responsibility.

II.            The company’s faith realise on the C.E.O, because if the company debt becomes uncontrollable, the C.E.O’s pass record at other companies will determine, how other financial intuitions would render help.

III.            Some C.E.O’s have been around for the company for a very long time and , have helped it grow

Against

       I.            Some will still argue, why c.e.o’s still get large bonuses after going through the whole year making bad decisions.

    II.            When c.e.o’s show negative attitudes and play a major rule in the business why should they still be blessed with a large bonus (relating back to the BP situation),  this can be seen as condoling negative behaviour.