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The role of total rewards in motivating staff performance.docx

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The Role of Total Rewards in Motivating Staff PerformanceMichelle Lundy-JohnsonHRM 591
Employee rewards and recognition programs that acknowledge employee contributions tothe company's goals and show appreciation for their efforts are necessary for a high-performing workplace, happier employees and reduced turnover. Rewards serve many purposes in organizations. They serve to build a better employment deal, hold on to good employees and to reduce employee turnover. The principal goal is to increase people's willingness to work in one's company, to enhance their productivity.“To some extent, Modern Rewards Management breaks through the categories of “Money” and substance, which indicates that indirect income and some no-monetary compensation have been playing parts of increasing importance in Reward Structure Design” (Xiao et al 2009) Xiao et al, touched on the topics of: Interpretation of Reward, Development of reward system and modern reward management-total reward strategy. Total reward systems reflect what ways enterprises can attract, motivate and retain talent. It also shows what ways the excellent employees should be motivated and praised.Maslows hierarchy of needs, details what each person values. This is a great tool to use when you want to motivate your employees to work harder. Some people do it for the money so an incentive that rewards extra money would be best for this person. Some people want more off time so an incentive to possibly have a Friday off would work best for this person.

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