Six Features of an Effective Total Rewards Program Essay

Six Features of an Effective Total Rewards Program - Essay Example The best way to gain profits and achieve commercial success is through employee compensation both in cash and kind. The cash benefits include wages and salary, while benefits in kind include fringe benefits and perquisites. The employee rewarding programs are critical to success of the organizations in recent times. Tesco PLC, the British multinational (MNC) grocery and merchandise retailer, is well-known for the compensation plan offered to its sales force (Armstrong & Taylor, 2014). The company provides simple, competitive and sustainable rewards to the staff, which help to build loyalty and trust amongst the employees and ensure their retention. The staff is paid quite high and the amount is around 7% more than three largest food retailers present in the market. Total reward program is a part of the sales force compensation plan. Many companies effectively conduct these programs so as to build loyalty and trust amongst employees. Six features of an effective total rewards program can be described as follows: Strong Compensation structure- The sales force can be motivated through premium and variable pay, besides the base salary. Premium pays can be in the form of on-call, shift differential, call-in, hazard, bi-lingual and skill based pay (Tetrick & Haimann, 2014). Variable pay, on the other hand, can be offered as commission, team based pay, bonus programs and incentive pay. Incentives increase the feeling of self-actualization among employees. Top IT companies such as, IBM, offers employees undifferentiated variable and team based pay, thereby accelerating their level of morale and encouraging them to work for the organizational welfare (Armstrong & Taylor, 2014). Availability of Perquisites – These have the capacity to elevate the motivation level of sales force.

Volunteer report Essay Example | Topics and Well Written Essays - 250 words - 1

Volunteer report - Essay Example I noticed that they had a timetable meal that ran from Monday to Sunday. Their food was excellent and for this reason I wished I would join them every day for a grasps of their meal. In addition, they have a playroom, mediation room, gym and many other utilities that prove useful to the families. The gym was used in for the purpose of refreshment after a long day. Staying fit was one of their key mottos. The main objective of the facility is not only to provide stability and resources for families in every part but also to keep families collectively to help kids heal and cope better. During my volunteering intern at the facility, I was accompanied by other interns, Chef Mishel together with other dietetic interns who were well experienced with their work. Together, we cooked a meal for the families and I was able to serve for some of them in the facility. Their shined with glamour a proof that our meal was splendid. I was so happy and wished this happened frequently. I interacted with various families at the facility most of which were children, and it was incredible to learn about where they were from the families they came from. In addition, I played games with the children in the playroom and worked out in the gym, something that made them jovial. Actually, those families and children were the best people to interact with. Without forgetting to mention, the families pointed out that there were various groups that came from Monday through to Friday to cook meals for them. The children said that they appreciated their efforts to deliver services for it shows how much these people are concerned with their well-being. It was so amazing to notice that there were other volunteer groups that were mostly interested in the volunteering act for it takes a lot for a person to do such work. These children and families need to get their minds off from the