New and Improved Rewards at Work Assignment Example | Topics and Well Written Essays - 2000 words

New and Im recordd Rewards at Work - Assignment ExampleTherefore, the relationship between the workers and the stakeholders will determine the level of change in any association (Politano & Macnaughton, 2009, p.110). Hence, this will contri neverthelesse in integration of different skills, which if worked upon tactically will place to growth of the governing to greater heights. In addition, all heads of departments should organize forums in which they have to meet with the nominate of interacting, socializing, and exchange of ideas and experiences from their respective fields. Upon meeting, the heads will have robust environment to discuss for the way forward. Secondly, training of the workers by the organization will not only improve production by also the ability to single-valued function the required technology. Moreover, workers get motivated with the rewards from the organization. In alliteration, Innovation is the key factor in improving the dodge of any organization on the globe. Here is some crucial factor that all workers should embrace to develop change as below learning, quality of life with innovation at hand, and monitory incentives just to have-to doe with alone few. Learning It is noteworthy that the available innovation gives employees the opportunity to learn and put into practice the well-read technological skills. In addition, by statistics analysis, it is evident that the number of hours worked by American employees is on the rise. The above, is propelled by the risque standards of living and so many workers are scared on how effectively they will meet the solicit of lives. Flexibility of employees is one key factor that facilitates production in an organization. Monetary incentives- money is the main motivational factor globally, here the organizations profit, if shared among the employees will motivate employees to a greater heights. Besides, to abbreviate absenteeism, and improve employees production, monetary rewards are the b est igniters so far. On the contrary, if monetary rewards are not incarnate with other rewards can be short lived. Again, if not well distributed among all employees, the monetary incentives can prove to be fatal (Deeprose, 2007, p.120). However, the current competitive conditions in an organization or business world lay down it almost impossible to not only retain, but also acquire pass on talents. Therefore, an organization should scissure the right pay and effectively manage the pay increase in order to retain the top talents after identification. On the other hand, it is advisable to keep personal budget by stabilizing the wages strategy. Compensation strategies are vital in identifying the job markets to an organization hence building the attractiveness of political partys top talent. Compensation strategy and competitive advantages Nowadays, it is worth to note that employees are on the alike(p) level with the customers. Thus, they are not in a position to identify a go od organization since better employers are identified no longer. Competitive advantage is a propelling factor to a mix success. It is important for any organization to identify differently themselves for not only presentation but also for a different approach to the employees. In addition, it is real that the most successful differentiators are fee strategies. An organization is not only differentiated from other organization by compensation strategy but also it brings differentiation in an organization. It is pertinent to note that, effective compensation gives the