Business Essay
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This report will investigate the link between motivational theory and reward in pursing successful
implementation of such processes and the monitoring of these in terms of employee performance.
employees to welcome the complete value of their benefits package. Tesco also follows pension
system and this usually includes pension assistance that the employer creates on the employee's
behalf and being process in payroll department. They also reward employees by giving them extra
benefits such as car insurance and private medical insurance, by special offers and discounts. See
Tesco's reward system in (Appendix 5).
Evaluate the process of job evaluation and other factors determining pay
The Process of Job Evaluation:
"Job evaluation is a systematic process for defining the relative worth or size of jobs within an
organisation in order to establish internal relativities. It provides the basis for designing an equitable
grade and pay structure, grading jobs in the structure and managing job and pay relativities."
(Armstrong, 2006)
Job evaluation is really an extensive process and it must follow in an orderly approach. At the start of
this process management must make clear to its staff the reason of this job evaluation and importance
of it. After that a team has been set where all the informed HR specialists and workers are included. In
the next step organisation selects the job from each department that they are going to evaluate, then
the chosen job is investigated in detail by the committee. Next, the HR selects a method for the job
evaluation. There are two methods that can be followed to evaluate a job and these are: "Analytical points rating, factor comparison, proprietary brands; and Non-analytical - job ranking, job classification,
paired comparisons". (UK Essays, 2013)
improves employees' morale and increases their self-esteem. However, a carefully planned bonus
scheme can improve retention which helps to preserve the best employees.
Salary raise is the other types of reward system and it is one of the most significant motivators for the
employee, also it is the key motivation behind an employee's performance.
Promotion is one of the most important types of reward system, where an organisation rewards an
employee by moving them from their position to a higher position. Promotion improves employee's
morale and job satisfaction.
However, improved performance is an effectiveness of reward system; it helps the employee to perform
better at work in order to get extra reward from the organisation. At the same time employees also work
hard and put their skills and understanding which assist them to gain knowledge and learn something
new.
However, reward system also boosts profit, where a company has good chance to make return
because member of staff works honestly and carefully. It also helps to bring positive psychological
contract between employees and the organisation; it creates a better working environment and helps
organisation to keep gifted, potential employees with them.
Conclusion:
The conclusion of this report shows that employees' motivation and reward are very important. There
are many types of theories of motivation such as Maslow's, Herzberg's, McClelland's and McGregor's
theories. Each theory has a slightly different view of leader's and employee's motivation. Motivation is
managers' action to influence employee's behaviour at work, so that perform as required in order to
achieve organisational goals. Reward management can be view as a type of management practice
where employees are rewarded for their performance. Rewards can be tangible and intangible benefits
for the employee as part of employment relationship. Employees consider the reward as a return in
exchange of their performance being appreciated by their employer.