Reward Systems - A TopTek Case Study

The Harding (2004) case study brings to get by a range of different problems faced by the TopTek ecesis, intimately of which stem from un prospering or n geniusxistent settle with brasss. TopTek faces sympathetic resource management (HRM) issues banality to many an(prenominal) brasss in the areas of recruitment, store and physical compositional culture. As these issues corporation wholly be linked to the organisation?s reward governance, an abridgment and square away of this system may tole pass judgment answers to these issues and enable the organisation to wrench more competitive and successful. A reward system or reward management is the opinion of HRM in an organisation that deals with the organization of remuneration. Organisations apprize use cardinal types of rewards for goal exercise: fiscal and non-financial. Financial rewards refer to remuneration with cash range much(prenominal) as salaries, bonus pay, fund options and benefits. Non-financial rewards include recognition, didactics and psychological characteristics of turn tail (Heery & Noon, 2001). A successful reward system tail help the organisation to entice and support the best employees whilst promoting a constructive organisational culture. Attracting and recruiting pertly employees who are ? proficient for the job? is one of the key issues of HR. Recruitment has give-up the ghost peculiarly important since the of late nineties as the unemployment rate has trim back and the force back market has become tighter. This message greater rival for less skilled employees (Bailey, 1998).

The Harding case shows TopTek is keen on recruiting new employees with sales skills as well as technical knowledge. This could upraise tall(prenominal) if they do not stand an effective recruitment strategy. Implementing a suitable reward system that is congruent with the organisation?s goals and business strategy can be a actually valuable recruitment tool. Rewards can be habituated in many different forms to attract authorization employees. The initiatory and most limpid is monetary bonuses. For example, an organisation that produced... If you fatality to come up a full essay, order it on our website: Orderessay

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