Reward-week 24
Consider your own organisation or one with which you are familiar – how does it reward employees? Does it differ for different groups- how and why? How is ‘fairness’ or ‘equity’ ensured?
An organisation that is known to reward and benefit its employees well is the NHS. The NHS is 'one of the most competitive and flexible benefits packages offered by an employer in the UK.' (http://www.nhscareers.nhs.uk/) To whoever works for the NHS is guaranteed a salary that matches their ability and responsibilities. Other benefits the NHS guarantees employees are:
- 27 days holiday a year
- New pay to enhance and reward out of hours work
- A standard working week of 37.5 hours
- Occupational health & counselling services.
- The NHS provides one of the UK's best pension schemes.
- Help employees find the right work balance.
- Fulfill employees potentials by offering learning and development opportunities.
The overall benefits can differ in different age groups, for instance if a newly qualified employee has just started working for the NHS, the NHS enables them a chance to learn and develop their opportunities from the start. Another example for employees that have children or other priorities the 'NGHS provides a good work balance to work around, part time roles and job-share opportunities are often available, as well as term-time only, evening and weekend positions.' (http://www.jobs.nhs.uk/about) The NHS may also be able to help with childcare, including nursery care, after school clubs and emergency care for employees with children.
Fairness and equity is shared amongst the NHS for every employee and their situations. fairness to give an employee an abled work load and hours is considered, moreover a standard holiday entitlement consists of holiday entitlement of 27 days a year, plus eight general and public holidays, which rises to 33 days after 10 years of service.
Do you think that Chief Executives should still receive large bonuses even if the organisation that they have led has underperformed? List the arguments for and against this...
For
- As a result of the role Chief executives hold they are entitled to receive large bonuses.
- Being one of the highest-ranking corporate officers or administrators in charge of total management, allows chief executives to be the ones who claim to control the hole body therfore they should be entitled to a large bonus whether the company has underperformed or performed on target.
Against
- As the company hjas underperformed it is down to the management team to control its employees and help improve what needs to be done to be on target, so no bonuses should be given.
- If any reward or bonus is to be given, then it should be split equally to the whole work force to reward their individual work and efforts, moreover this could also help motivate those who slack.
Identify 3 financial and 3 non-financial ways of rewarding a teacher at a primary school. Which of these ideas would motivate you the most?
Non- Financial
- Entitlement to days off/holidays.
- Promoting to a higher level.
- Providing good references to be noted in work experience.
Financial
- Bonuses in pay.
- Increased pay according to work position .
- Gift Vouchers and rewards gievn due to performance.
The ideas that I have listed that would motivate me most would be, in a non finacial way; allowing the work force to provide good references to be noted in work experience to provide a good outlook on future working life, furthermore if it had to involve pay bonuses in my standard pay would motivate me the most as I would feel appreciated to the hard work given.
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