Reward Structure

Reward Structure

Reward & Compensation plays a major role in employee engagement. It could be either financial reward such as salary, bonus, incentives and travel allowance and non-financial benefits such as on-site day care, employee assistance programs, subsidized cafeteria, company picnics, company gymnasium facilities & promotions. As pointed out by Millmore et al, (2007) “The rewards from employment can be economic, social and psychological”. A performance management system could be utilized for rewarding high performing employees with higher salary increments and bonuses to encourage them to be more engaged (Vance 2006). The management must include in the appraisal the training requirements of the employees and line managers to indicate that they truly care to sit down and discuss about employee’s future aspirations and their further development needs. Further, as per Osborne et al, 2017 “Leaders of organizations that fully support employees, promote continuous learning, and are transparent in their decision-making, have a greater impact on the increased level of employee engagement”.


List of References




Millmore, M., Lewis P., Sanders M., Thornhill A., Morrow T. Strategic Human Resource Management - Contemporary issue 2007. Published by Pearson Education Limited.

Osborne, S. & Hammoud M., S. ( 2017)Effective Employee Engagement in the Workplace , International Journal of Applied Management and Technology  2017, Volume 16, Issue 1, Pages 50–67.

Vance, R., J. (2006) Employee engagement & commitment: A Guide to understanding, measuring and increasing engagement in your organization (SHRM Foundation).

Comments

  1. ajaykrJanuary 12, 2022 at 1:44 AM

    Wonderful blog! Employee engagement activities at the workplace can lead employees to be stress-free and energetic. The simple approach to engaging employees in fun activities and games. An employee engagement company in India, help various corporate and organizations to organize team-building, employee engagement and reward & recognition events.

    ReplyDelete

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