The paper “ The Purpose of Job Evaluation and Reward System and What It Is Designed for” is a meaningful example of an essay on human resources. The total reward system is a comprehensive reward program that entails combining three main elements witch employees regard highly in relation to their employment; benefits, work experience, and compensation. In the modern business environment, key players strive to survive and enhance the prosperity of their enterprises based on their employees’ productivity. This is a modern holistic approach, in which the employers seek to service the needs of their employees.
This will facilitate teamwork and do away with any probable worries that employees may have about their welfare. Thus, the work experience is suitable and conducive. Therefore, productivity is accelerated given that the culture, benefits, and compensation are well taken care of and the entire workforce concentrates their attention on transaction business and executing their duties. In essence, a successfully implemented total rewards system makes it possible for organizations to create a powerful benefit program structure. This benefit structure is not only meant to motivate the employees, but also to refresh a balance between the organization's expenditure and workers' appreciation as well as engagement.
Conclusively, the total reward system is entirely implemented in a manner that promotes a win situation for both the employees the organization (Legacy Bowes group et al). The purpose of the reward system and what it is designed forThe purpose of a total reward system varies from various types of organizations depending on the nature of the enterprise and the kind of employment offered. Efficient total rewards systems steer an organization’ s competitiveness and create lasting conducive employee relations hence retain workers.
In addition, the total reward system serves the purpose of reducing turn over as well as reinforcing the public of the organization to the future employees and major stakeholders. Given that workers are the most significant resource that any organization has, keeping them at optimal productivity is a key priority for the manager hence competition to win over and retain the best employees is achieved through effective total rewards systems. However, for the total reward system to work, the employer and the employee focuses on a “ beyond monetary rewards strategy” which involves evaluation of the non-financial rewards that an employee acquires in the course of duty. Through this approach, all reward elements are encompassed into the system to serve its purpose to the expectation o both parties.
The main reason why most organizations adopt a total reward system is the evident popularity of this practice in today’ s ever-competitive environment. Furthermore, it is becoming evident that wages and benefits are ever-increasing and organizations have to come up with a way to check to remain relevant and profitable.
Thus, alternative rewards are brought in through the total rewards system to ensure employee motivation as well as excellence in work productivity. Every corporate integrates its total reward system so as to make it cost-effective and successful. Overall, benefits must not translate to daunting costs for the organization, and the process poses the task of eliminating any probable inefficiency to make the expenditure of every dollar count or rather profitable.