Essays on Increasing the Effectiveness of Reward Management Literature review

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The paper “ Increasing the Effectiveness of Reward   Management” is a good example of the literature review on human resources. Across the board in all industries and territories, organizations are under pressure to restore profitability in the wake of the recession. Due to the difficulty of growing revenue, the focus is on containing costs and enhancing performance as a way to generate profits. The recession has hastened the rate of current macroeconomic changes on a very elemental level. The focus has shifted toward emerging markets like Brazil, China, and India that have proved more resilient to the effects of the financial crisis.

This rapid change has escalated across every industry as organizations use innovation to guard their niche in the market and utilize technology to uncover better and novel opportunities. There has also been increased regulation and scrutiny of the activity of corporates, decision-making, and reward. The article by Cox, Brown, and Riley (2010) emphasizes the ongoing efforts aimed at designing and putting into operation a thriving and reliable reward strategy. They aver that the main and overlooked factor that brings this about is the inadequate design and execution of reward strategies as they pertain to employee preferences for various kinds of rewards.

They put forward the notion that the problem lies in the design of reward systems as well as the manner in which models of reward strategy are constructed. In order to have more effective reward strategies, a better comprehension of holistic rewards, and more attention to the roles of line managers in implementation. Whether or not this premise is accurate is the subject of this report. We will be looking at a critical assessment of the expectations linked to a reward strategy.

We look at the article from the angle that what it says is correct and it brings up critical issues in the area of reward management. However, there are strategies that can be used to address these weaknesses as identified by Cox, Brown, and Reilly(2010). This area of literature is a contentious issue that is connected to a wider academic area that seeks to explore the relationship between reward management and organization performance. Several treatises written on it hold different views.

References

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management: an evidence-based approach", Employee Relations, Vol. 33 Iss: 2 pp. 106 - 120

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Brown, D. (2008). Measuring The Effectiveness Of Pay And Rewards: The Achilles'

Heel Of Contemporary Reward Professionals. Compensation & Benefits Review 40: 23

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