Rewards Systems Essay by Master Researcher

Rewards Systems
A discussion on appropriate reward systems and employee needs assessment.
# 88151 | 900 words | 3 sources | 2005 | US
Published on Dec 01, 2005 in Business (Human Resources)

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This paper examines how an appropriate rewards system can only be undertaken if the values, expectations and proclivities of employees are borne in mind. More specifically, the paper looks at personality types and how they influence the sorts of incentives and inducements an organization proffers its employees. The paper especially focuses upon the fact that ISTP personality types those most commonly found in organizations which are research intensive are people who cannot be effectively mobilized through performance incentives because the nature of their job does not really allow for that.

From the Paper:

"There can be little question that devising an effective and forward-thinking reward system is essential to achieving organizational success. This process, however, can only succeed if employee values and expectations are taken into account. Therefore, a successful human resources department must ask three questions: what are the values and expectations of your employees? How do those values and expectations fit within your organization's reward system? And how were the aforementioned conclusions arrived at? If an organization is able to successfully answer these questions, it will not only create an effective rewards system, but will create an environment which spurs employees to greater efforts and which cuts down on turn-over and poor productivity. For the purposes of emphasis and illustration, this paper will propose a desirable rewards system for a hypothetical organization specializing in industrial research and development. As should become apparent, devising a forward-thinking rewards system ..."

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