Metrics for Total Reward Compensation Program

mEHIHON, GAIUS N The Total Rewards Approach to Compensation Management (HRMN 395) authorship 2 Title: rhythmic pattern for Total Rewards chopine at global Electric lodge (GE) Date: 10-Sep-12 intro One thing is to have a replete(p) rewards course; another(prenominal) is to be able to track the effectiveness, usurpation and sustainability of such a program. Every system no depicted object how outsize or small understands that the best way to have it move out if a reward program is good or heavy(a) is by finding a way of measuring the program. The difference in mind for congeries rewards is the accomplishment of organizational objectives, and so the objectives of the organization provide the foundation for the key measurements of success of the total rewards programs (Module 5, takings 3). Paper one foc utilise on the several(a) rewards programs at worldwide Electric (GE), a multinational organization. With the goals and objectives of GE in mind, in this write up, we will be talking approximately the various metrics for the existing rewards program at General Electric and connecting the pertain of the rewards program to the success or transaction of the organizational goals. set rewards program at GE In the old report card we determine two distinct rewards program, both fiscal and non-monetary as existing program at GE.

In rundown to the rewards program, this paper further expands the list of the possible rewards program by adding a few more that may be used to ameliorate the welfare of the employees, their satisfaction on the job, and finally the quality of employees in achieving organizational objectives. The follo wing are the already identified rewards prog! ram that exists at GE * GE STAR Awards: this program assists in line dependents of GE employees by giving them a one-time portion out to defray first-year higher education expenses (GE Foundation, 2012) * Smoking tip: This is an experimentation which could also go for a reward program. GE flock realized they spend too much cash on medical related expenses...If you want to get a all-embracing essay, order it on our website: OrderEssay.net

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