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Table of Contents
EXECUTIVE SUMMERY ............................................................................................................................ 3 Introduction ............................................................................................................................................. 3 Purpose of this paper........................................................................................................................... 3 The case study ..................................................................................................................................... 3 Recruitment ........................................................................................................................................ 3 Selection.............................................................................................................................................. 3 Performance Management .................................................................................................................. 3 Appraisal ............................................................................................................................................. 4 Reward system .................................................................................................................................... 4 Job satisfaction .................................................................................................................................... 4 Mentally stimulating job ................................................................................................................. 4 Counterbalanced and fair rewards................................................................................................... 4 Supportive occupation colleagues and condition ............................................................................ 5 Employee`s genetic nature .............................................................................................................. 5 Discussion of the Issue ........................................................................................................................ 5 The philosophy new Pay ................................................................................................................. 5 Expectancy Theory: Money and Motivation ...................................................................................... 6 Equity Theory ..................................................................................................................................... 6 Establishing identical of payment ....................................................................................................... 7 Management Motivation ..................................................................................................................... 8 Executive Manager Motivation........................................................................................................... 8 Middle Director Motivation ................................................................................................................ 8 Lower Level Motivation ..................................................................................................................... 8 Methodology........................................................................................................................................... 9 Evaluation ............................................................................................................................................... 9 Front line worker (Ismail) ................................................................................................................... 9 Middle director (Suneeta) ................................................................................................................. 10 Executive Manager (Imelda)............................................................................................................. 10 Conclusion ........................................................................................................................................ 10 Recommendations ................................................................................................................................ 11 References ............................................................................................................................................ 12
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EXECUTIVE SUMMERY
Recruitment, selection, performance, appraisal and reward are important processes in human resource. Rewards system is known as a key factor by a brief review in the literature by theorists and academics. Also job satisfaction is another crucial factor to provide individual at all level satisfaction, achievement and occupation importance. More over this feeling can create productive personals with more effectiveness and loyalty for the organisation while they are trying to gain competitive advantages. The aim of this study is explaining main factors in human resources with a suitable correlative to reward system by theories and methods in the recent journal articles and books. In this study main focus is one the three hierarchical levels of employees in the PLC and find out solution by a suitable rewards system relevant to its role.
Introduction
Job satisfaction, motivations, performance management, appraisal and rewards could be consider as the crucial subjects in human resources to find out and a complete understanding of different processes, methods, theories and essentials in this part of organisations which is a prepared in three parts: purpose, case study, terminology as the parts of introduction for a better clarifying for this paper.
Recruitment
It is a process that describes and invites a proper applicant. (Helen Verhoeven, January 2009)
Selection
The manner of finding and assessing information about an individual in order to reach an employment offer (Gatewood, 2008).
Performance Management
It is an advanced manner of describing, measuring, and improving the performance of individuals and teams and aligning it with the strategic goals of the firm. (PIERCE, 2007)
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Appraisal
The basic purpose of performance appraisal has been to prepare a useful feedback to personals so that they can develop their performance. (Peretz, 2008) It has eight suitable methods: Personal appraisal, 360 degree appraisal, self appraisal, Competence assessment, objective setting, performance related to pay, Coaching, Personal improving plan. (Peretz, 2008)
Reward system
Rewards management is the one of processes in the human resources that is developed, underpinned practically, academically and known as a Soft Variant for human nature in the subject. (Ekaterini Galanou, 2011)
Job satisfaction
There is necessary to consider job satisfaction and the amount related to financial or non financial rewards. Job satisfaction is an understanding formulated akin to motivations and job behaviour theories (Cleal, 2011) According Freeman study the main subject concern to job satisfaction is that they related on the objective circumstances in which a person in the organisation is located and either on the one`s psychological conditions. (Freeman, 1978) (Cleal, 2011) A general and famous model of job satisfaction was established by Herzberg 1959 (Cleal, 2011)he found that some occupation elements could only produce dissatisfaction or short lasting motivation while the other elements could implement long term positive experience towards the occupation. Robbins (1998) states there are six important job related elements providing job satisfaction: supportive occupation colleagues, counterbalanced and fair rewards, mentally stimulating job, supportive occupation conditions, individuality and the person`s genetic nature. (Ekaterini Galanou, 2011)
Employee`s personality
When an employee personality is fitted to the job that s/he is acting, then her or his job satisfaction will enhance. John Holland`s personality job adapted theory refers to a direct correspondent between an employee`s personality characteristics and her or his occupation climate. (Robbins, 1998) (Chuang, 2010)
rewards strategically for this reason firms` objectives and policies strongly and precisely explained and weighed then the design of a reward system will be match to these objectives. Smith (1992) stated a reverse perspective which discussed about the new payment system produced to cover the needs of the firms for temporary recruitment and maintenance issues, stresses due to reduction in the expenses and another matters in company with the highly competitive global markets (Ekaterini Galanou, 2011). Also he stated that the reward systems without any changes, stands close to the traditional payment systems for this reason, managers do not consider of the strategic paths for this model. In fact in the reality there is not any practical reward performed regards to this new philosophy. (Ekaterini Galanou, 2011)
Equity Theory
It consists of outstanding subjects akin performance reward, fairness assessment and equal valuation. Also he mentioned that interest to the payment is less than equity within organisations, which conclude to satisfaction. Equity seldom considered and generally employees respond to inequity by reduction their personal attempts, asking a fair behaviour
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and finally seeking to find another position job. (Adams,1963) (Ekaterini Galanou, 2011) (Pearson, 2009) More over The lower level of commitment, higher level of truancy is due to inequity treatment in rewards systems in the organisations and at the end to a worse firms` performance. Firms with better rewards system and payment are more effective than the other competitors with less pay. Higher payments appeals and maintain qualify individuals and the most motivated characters to the organisation for competitive strategies rely on innovation, quality and price. (Preffer, 1998) (Bruns, 2008) Wood (1996) showed group payments are a better motivator rather than personal performance. (Ekaterini Galanou, 2011)
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Methodology
This report is an assignment to design a new reward system in three organisational positions as receptionist Ismail, middle manager suneeta and executive manager Imelda based on the case study which is arranged according case study by Ekaterini Galanou1, Georgios Georgakopoulos, Ioannis Sotiropoulos, Vasilopoulos Dimitris with title The effect of reward system on job satisfaction in an organizational chart of four hierarchical levels: a qualitative study The resources are renewed and used of new reports as the reports study.
Evaluation
There are three categories for this discussion in three different levels of the firm: front line worker as a receptionist named Ismail, middle director as an account manager named Suneeta and an Executive manager named Imelda.
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a negative impact on the organisation directly to Ismail. There is a hazard to destroy his feature job perspective then this omit creates dysfunction within firm.
Conclusion
There is a big disorder functional within this organisation and in the absence of a human resource department can be the base of many difficulties inside of a firm with a growing rate. (Beer, 1984) In this case study is clear no trustful personals and formal procedure in order to absence of a suitable recruitment, selection, performance, appraisal, and reward processes in this PLC. (Cleal, 2011)
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Recommendations
It seems the reception`s motivation will be increased by: training ,more responsibility in deadline, cognition, support and respect by his supervisor It seems middle manager Suneeta`s motivation will be increased by :training in the coaching and monitoring, participation in the part of strategy policy, more connection with executive manager and increasing her dignity It seems executive manager Imelda`s motivation will be increased by: financial and non financial rewards
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References
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