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The Role of Total Rewards in Motivating Staff Performance.docx

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Running head: THE ROLE OF TOTAL REWARDS IN MOTICATING STAFF PERFORMANCETABLE OF CONTENTSIntroduction....................................................................................................................................3What are total rewards in HR?....................................................................................................3Why are total rewards important?...............................................................................................6How does the total rewards system motivate employees?..........................................................8How is employee recognition and how does it impact employee engagement andperformance?...............................................................................................................................10How can total rewards system drive performance management success?.............................11Does the statistical data support the correlations of employee reward and employeeretention?......................................................................................................................................12Conclusion....................................................................................................................................13
Running head: THE ROLE OF TOTAL REWARDS IN MOTIVATING STAFF PERFORMANCETHEROLEOFTOTALREWARDSINMOTIVATINGSTAFFPERFORMANCEIntroductionYou ever wondered what a company means by employee rewards? Employee rewards canfall in the category of appreciation to the employees who have achieved high quality of work, oreven displayed outstanding performance levels.Then you have the recognition program whichrecognizes the employee’s contributions to the company’s goals and show appreciation for theirefforts that are necessary for their performance in the workplace, happy employees, and reducedturnover. Employees that are motivated and happy makes the customers want to come back formore. It is up to the human resources and management team to make sure that happen for thebusiness to continue to grow, and for their employees to enjoy coming to work every day. In thispaper it will be discussing the role of total rewards in motivating staff performance.What are total rewards in HR?
HRM591Signature Group ProjectP a g e|2
Running head: THE ROLE OF TOTAL REWARDS IN MOTIVATING STAFF PERFORMANCENow, the strategy that offers employees and perspective candidates a comprehensive totalrewards packages which is one of the best ways to attract and engage and retain talent.What is included in an employee total rewards package is that it typically contains aspects ofsalary or compensation, performance, work-life flexibility, benefits, growth and development,and recognition. Here are some for the suggestions that are to put in mind when putting togethera total reward package:Growth and Development: this suggestion here is for high performers who want tocontinue to grow and develop throughout their time with the organization they areworking for. Whether they are helping them grow as an individual with in their careerladder framework, or even just supporting their subject matter expertise, or just even

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Term
Spring
Professor
N/A
Tags
Employee Benefit, The Food and Drug Administration, role of total rewards, Journal of Industrial Psychology

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