Employee Reward Systems

Paper Summary:

This paper explains that building successful reward systems, which ultimately keep employees productive and happy, will help organizations survive and prosper. The author points out that job pay structures should be competitive with other similar jobs in the organization and salary increases should be given as merit raises through yearly evaluations. The paper relates that a valued reward is paid time-off, which is earned for time worked a set number of hours per week. The author describes other benefits, such as health and life insurance, retirement funding and a child care flexible spending account, which can be arranged to meet individual employee needs. The paper stresses that employees or individuals seeking employment, as a rule, are looking for job security and promotion. The author underscores the importance of recognition as a benefit need.

From the Paper:

"To succeed as a working individual, in today's fast pace life, the need is recognized for improved Employee Service Benefits. These will be obtainable for assistance in child- care, through using an approved child-care facility. The lists of the child-care facilities are on hand and can be obtained through human resources. There is also a flexible spending account available to those who wish. As addressed from Employee Benefits Specialists a flexible spending account will "allow participants to set aside money on a pre-tax basis to pay for qualifying medical and dependent care expenses.""

Sample of Sources Used:

• Employee Benefit Specialists (2007, nd). Flexible Spending Accounts. Retrieved January 22, 2008, from http://www.ebsbenefits.com/prodserv/fsa.htm
• Kettner, Peter. (2002). Achieving Excellence in the Management of Human Services Organizations. Retrieved January 22, 2008, from University of Phoenix, Weekfour, rEsource. The Human Services Administrator Web site.

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