Identify appropriate total rewards strategies to increase employee retention, and explain how these strategies support the goals of the organization
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Identify appropriate total rewards strategies to increase employee retention, and explain how these strategies support the goals of the organization
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- Identify the major bases of reward distribution. How does money influence employee motivation? Discuss the relative merits of individual and group incentive programs. Describe the benefits and drawbacks of several of the new approaches to reward systems. Which ones do you feel would be most effective in work organizations?Explain through examples the features of a well-designed Reward SchemeGive at least three (3) examples of internal and external factors to consider when developing a rewarding compensation plan and identify the advantage and disadvantage of each factor
- Please explain the methods to improve employee performance? Explain one of the actual examples?Discuss which of the three approaches to internal reward alignment your organization, or an organization you’re familiar with, uses to determine job valuation.Do you think that method is the most effective? How might the job valuation in this company differ if a different method was used?Employee retention for talented and potential employees is critical for organizational performance. Choose at least two (2) theories of reward management and explain its application in retain employees
- 1. Describe the components of total rewards. 2. List the strategic decisions that can guide the design of compensation practices.Describe the uses and defects of the 360- degree feedback method in evaluating employee performance .Discuss ..How does the implementation of pay transparency contribute to enhancing employee morale and overall job satisfaction in the workplace?
- Which performance method would you say you like the most and the one that you like the least? Please share why you chose these two. For the most effective, how it is effective in doing the following: providing fair and reliable ways of differentiating employees; targeting and rewarding those who most deserve it; setting forth a fair and cost-effective plan for compensation; and motivating and ensuring the performance of employees. For the least effective, how it interferes with the above four items.As people move through the college years and early years of employment, they tend to place less emphasis on __________ and maintain or increase their emphasis on __________. a.intrinsic and job security rewards; extrinsic and social rewards b.extrinsic and altruistic rewards; intrinsic and job security rewards c.extrinsic and altruistic rewards; social rewards d.social rewards; intrinsic and job security rewards.. How do the interplay of individual performance dynamics and organizational performance metrics influence the strategic formulation and implementation of reward systems within an organizational context?