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Learn about different tools used in Human Resource management.
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Reward Management is one of the schemes that is adopted by companies to keep the employees motivated. Reward can be any kind of appreciation that is intended to keep employees motivated. It can be money, promotion or any certificate of excellence. Assignments on Reward Management are more logical driven. You might be asked to design some reward management program for a company. Our HR tutors have expertise in this area and our assistance can be a big help for you.
The reward management covers both the practice and the strategy of compensation management assignment help. There are two basic types of pay schemes Let us take both of these schemes one by one.
Fixed levels of pay: This is the first basic pay scheme in which wages or salaries do not vary from one period to the next except by defined pay increases, on an annual basis are known as fixed pay. There may be scales of payments determined by age, responsibility or seniority. Most 'white-collar' jobs were paid in this way until recently.
Reward linked to performance: The link of reward to the performance can be evaluated on a daily basis, weekly basis, monthly basis or annual basis. Payment for any one period varies from that for any other period, depending on quantity or quality of work. Sales functions are an exception to this scheme which is commonly linked to the turnover. The catering staff, on the other hand, typically rely on direct payment from satisfied customers in the form of service charges or tips (gratuities).
Both methods work smoothly, provided that scales are easy to understand, and the methods of measuring completed work are overt, accurate and fair. However, there has been considerable dissatisfaction with the management of pay on both sides of the employment relationship. In recent years, attempts have been made to rectify the problems in the compensation management system, and new systems are developed to ensure the greater reliance on performance-related pay.
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