mngmnt1.docx - Running head EMPLOYEE REWARDS AND...

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Running head: EMPLOYEE REWARDS AND RECOGNITION 1 Employee rewards and recognition Student’s name: Institutional affiliation: Course code: Instructor’s name: Date:
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EMPLOYEE REWARDS AND RECOGNITION 2 Employee rewards and recognition Employee recognition and rewards is a way of appreciating the employees for their outstanding efforts which contribute to the development and success of any business venture or organization. For the long term survival of the organization in a competitive market, to have a comparative advantage, as human resource person, the best employees therefore have to be maintained (Robbins & Finley, 1997). . In a measure to reduce the turnover rate, methods and techniques have to be employed that ensure that the workforce feel appreciated and can exercise their freedom of choice and allow for personal development and also that of the organization (Locke, 2011) . The only best way to communicate the appreciation of this manpower is through rewards and appreciation. To achieve certain set of goals, it is necessary that the environment around work is accommodative, innovative, engaging and all positive (Locke, 2011) . Developing an effective rewards system is therefore necessary and this essay will explore these options. Although there may not be a one all method to make every worker appreciated, it is important that human resource personnel concentrates on designing the best possible rewards and recognition system that aim at creating satisfaction and minimizing the displeasures that are associated with work. With this in mind it is also very demanding of the manager to ensure that the interest of the organization comes first. The need to develop self should be subordinate to the holistic development of the organization. Just like it is with productivity, a satisfied employee equals greater productivity. The manager should thus be at the forefront to ensure that the employees give put their energies in the advancement of the organization; this is by developing strategies that can maintain their morale.
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