New and Improved Rewards at Work

Instructions

New and Improved Rewards at WorkEmployers have been coming up with innovative employee rewards to boost morale and acknowledge employee needs for creativity and personal goal accomplishment. Some of the latest potential employee rewards include using the Internet at work for personal reasons such as shopping, communicating with friends, or personal finances; bringing a pet to work; instituting a controlled napping policy, and sports and office betting pools.  Write an eight- to ten-page paper in which you: Determine how innovations in employee benefits can improve the overall competitive compensation strategy of the organization.Explain how innovative benefits could be tied to specific jobs.Critique the effectiveness of equity-based rewards systems versus those with more creative approaches.Discuss the key elements of integrating innovation into a traditional total rewards program.Recommend a process that optimizes an employee-based suggestion program to continually refresh the total rewards of the organization.Use at least five quality academic resources in this assignment. Note: Wikipedia and other websites do not quality as academic resources.  This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course.The specific course learning outcome associated with this assignment is:Determine innovative approaches for optimizing employee benefits and rewards systems.

Answer

New and Improved Reward at WorkBackgroundIn recent times, companies have been coming up with innovative approaches that seek to boost the job satisfaction and morale of its employees. The new trend has been prevalent, especially after the realization that employees are the most significant unit of any organization (Kumari, Jayasinghe and Sampath, 2019). Firms have been coming up with new approaches, which aim at improving the well-being of their employees. The new tactics deviate from traditional practices such as improving compensation rates and offering medical cover. The new tactics used by businesses include offering shopping vouchers, allowing pets at work, and introducing napping policies. Employee benefits demand constant change to be effective. The purpose of this paper is to explo...
To avoid plagiarism, part of the answer is hidden. Click on the button below to order the full answer.
Order Answer Back
Price Calculator
Manage orders
Why we are Ranked the best
  • Unlimited Revisions
  • Free 24/7 Support and chat
  • Money back guaranteed
  • Low prices with discounts
  • Experienced writers.
  • Free Unlimited support

Hear from our customers

Get a quote Chat with support Find an expert Frequently asked questions