New and Improved Rewards at Work

Instructions

Employers 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 the sports and office betting pools.  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 (5) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.

Answer

New and Improved Reward at WorkOver the past few years, human resources departments across the various organizations are grappling with the dynamism in the labor market. Notably, the changes being experienced in the needs of the employees are as a result of the cultural and societal dynamism. Thus as a human resource manager, it's essential to figure out the mechanisms to address the unique needs of each group of employees. Handing out payout checks to the employees is not enough to keep them motivated and loyal to the organization. Therefore, employers have adopted innovative ways to ensure employees receive unique benefits that enable them to remain motivated and loyal to the organization. Innovative ways to reward employeesGiving innovative benefits to the employees shows them they matt...
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