New and Improved Rewards at Work Research Paper - 2

New and Improved Rewards at Work - Research Paper ExampleThe most master(prenominal) goal for an employment compensation strategy is to offer better rewards for right employee actions for success of the company. In order to make competitive compensation packages for employees, companies need to go steady what their rivals are offering so that they do non end up running into losses by offering more than the equilibrium package in the industry or offering less than the minimum, because this will make it impossible for them to recruit and retain staff.Best packages are sometimes those that are preferred by employees while at the same time appear to be competitive in the particular industry. One advantage with compensation schemes is that they are able to stomach organizational culture, something that is highly desired by companies. The government governs every aspect of employee compensation within the public sector. In many instances, this leaves no room for modern ideas towards f ormulation of important compensations schemes. Companies that are highly innovative in engaging their employees record high returns that are sometimes double those of rival companies which do not engage their employees adequately (Pollitt, 2081)The first way to creatively engage your skilful employees is by putting them in a position where they can have organize contact with consumers of their products. In many industries, employees design products and dispatch them for sale, yet they have no idea about the impact of the products on the lives of their end users (Grant, 2007 Grant, 2008). A s rise up example is the automotive industry where automotive engineers design cars of all kinds worldwide but they never gets the chance to have direct feedback from drivers of the cars, authors as well compile many pieces of literature to millions of faceless readers but never meets them for feedback.Meeting end users as a product developer has been known to enhance prosocial motivation as wel l