Participation in Employee Reward System



Rewards System

"Reward refers to all forms of financial returns and tangible services and benefits employees receive as part of an employment relationship." (Bratton & Gold, 1994, p. 192)

Research Proposal

The Topic: The Effects of the Participation in Employee Reward Program on Work Accuracy.

Research problems

In this research proposal we will be discussing the effects of participation in the employee reward system on the work accuracy. Our research problems will include the evaluation of different methods to regarding the effects of participation, their problems and requirements for better job satisfaction and work accuracy, the underlying reasons behind the problem, assessing the organizational offerings and its impact on potential employees especially with respect to compensation mechanisms, their morale and influences on the morale, their overall performance and general apprehensions, their need to be given job security, and other such problems. This intends to offer us with an insight as to how well and how best can the company retains its true performers and at the same time maintain its efficiency as an entity.

Research questions

Employee reward system is a fairly difficult phenomenon if the organization does not know what it should do. Few of the research questions enlisted below will develop our understanding about the aspects involved in employee retention:

How training and development influences an employee decision to remain with the organization.

How a reduction in employee turnover positively influences an organizations financial outlook.

What are the factors that lead an individual to quit jobs?

What are the measures that can be taken to ensure higher job satisfaction?

What are the measures for recognizing superior performance and how these affect the organizational strategies?

How can employees be influenced to improve rather than quit?

What are the reasons behind employee turnover?

What should the organization be doing to inculcate a spirit of loyalty among employees?

How can an organization ensure its best employees remain loyal and satisfied?

How do monetary and non-monetary compensation plans helpful in retaining the best employees?

Research objectives

The research proposal aims to formulate methods of participation in the reward system of an organization. It intends establishing and analysing methods regarding participation and formulation of policies that result in work accuracy. This study helps us to recommend the best practices to the organization for keeping their valued employees in high regard and esteem.

Importance of Study

Employees are the backbone of any organization. We are embedded in a highly competitive market, which is why companies have realized the importance of attracting and retaining the best employees, and that only trained and capable organization can survive and grow. In this way companies treat their employees like the most important assets that have a great competitive advantage over those who do not.

Theoretical framework

Engagement of employees is a process in which the employees are encouraged to remain with the organization for the maximum period of time or until the completion of the defined project. Employee participation is beneficial for the organization as well as the employee since it enables better work accuracy

According to documents present in literatures ...