Total Rewards System Proposal Essay Example | Topics and Well Written Essays - 1250 words

Total Rewards System Proposal - Essay ExampleThe success of the organization can strongly be influenced by the introduction of the performance management programs. protrude expects that with the introduction of the TRP system employees of the organization would be able to relate to their target in a better manner. The performance management system can help the process of score reward system (Dixon, Hayes & Stack, 2004). It can aid the establishment of the unspoiled standards of performance of the employees. After analysis of the performance of the employees, it would be easier to measure their ability to fulfill targets. Envision can judge the performance of the company and reward the employees in cash or kind.A reward can be described as an element of compensation and benefit. The term total reward includes aspects of development and learn opportunities for employees, attractive work environment along with pay and benefit packages (Dixon, Hayes & Stack, 2004). It is the strateg ic approach to reward used by many employers. The concept of total reward system is adapted by organizations to recruit, motivate and retain the employees and secure the line of merchandise objectives efficiently. The introduction of the total reward system can help Envision to motivate the employees in a positive way. Measuring the performance of the employees and rewarding them for the same, both monetarily and in the form of benefits can help the organization to reach the business objectives effectively. Besides the monetary rewards, the non-monetary rewards like rent-free accommodation, conveyance allowance, educational allowance and medical facilities can be given by Envision to the employees. This can join on the loyalty and motivation levels of the staffs towards the company. There are a number of objectives which Envision wants to fulfill by carrying out the total reward system programs within the organization. stipend or total reward system is an important tool for organ izational success.