The Total Rewards System

Introduction Compensation system in an organization is very important because it helps organizations improve their performance through increased employee output. Total reward programs are systems set in place by the management of an organization with the main aim of rewarding employees for their efforts and excellence in their work.Advertising We will write a custom research paper sample on The Total Rewards System specifically for you for only $16.05 $11/page Learn More The compensation system may involve things that address the needs of employees hence boosting their morale such as recital and gratitude, work life balance and chances for professionalism within the organization (Kaplan, 2007). Successful implementation of a reward system in an organization should result in improved performance of employees hence the firm while reducing operating costs. This study examines total reward programs as applied in organization in different industries (Durfey, 2002). The Total Rewards System employed in the Publix The Publix supermarket is among the largest private retail enterprises in the U.S. Having its’ headquarters in Florida, the supermarket has more than 1000 branches operating in different parts in U.S. with an average of 130 associates creating many employment opportunities. In recognition of the importance of total rewards in value creation to a firm, the supermarket has designed a number of the total rewards elements to benefit its employees. The consequent actions have seen the supermarket perform better than other firms have. Among the designed elements are flexible schedules provided to part-timers in order to accommodate for their academic studies and family responsibilities, opportunities to transfer into other positions of the company such as manufacturing, distribution and corporate offices. Other fundamental benefits available at Publix include an opportunity to purchase additional shares of its privately held st ock, annual holiday cash bonus and weekly payment for hourly associates. In addition, the company provides a 401(k) retirement savings plan with a company match, group health plan, credit union, tuition reimbursement and training opportunities. Employees working close to the cafeteria have the opportunity of eating free while full time employees have six paid holidays. Similar to other firms, development of these total rewards have befitted as well as disadvantaged both Publix and its employees. First, it provides employers with flexibility since it allows awards to be mixed and remixed to meet the different emotional and motivational needs of employees (Durfey, 2002). This has further helped companies in allowing employees to determine when they work, where they work and how they work. In particular, total rewards, policies recognize that employees would wish to have the ability to integrate their lifestyle and their work.Advertising Looking for research paper on business eco nomics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Secondly, total rewards strategy enhances improved recruitment and retention since it is a critical aspect in addressing the issues created by recruitment and retention. It can help create a work experience that meets the needs of employees and encourage them to contribute extra efforts that address a number of issues in the firm such as low performance. In addition, they total rewards programs encourage the firm to spend reward dollars where they are most effective in addressing workers’ shifting values. Many studies have also shown that employees would always look at the total rewards package when deciding whether to join or to stay with an organization. Thirdly, it reduces labor costs or the cost of employee turnover. Majorly, these costs are not noticeable within an organization. The costs include loss of customers; reduced sales as well as decreased efficiencies as productive empl oyees leave and the remaining employees are distracted from their activities (Parbudyal, 2002). In spite of this approach having advantages, it also suffers from a number of setbacks. Primarily, it is the high cost of offering high levels of benefits that affects firms. The numerous benefits available to Publix employees would cost the company a lot of money. In addition, the company may realize wastage of resources if the whole package will not be appreciated or used by some workers. If again the total return is not designed well, it may result to discouragement of employees rather than motivating them. Therefore, Publix has to restructure its total returns by dropping the numerous less sensitive benefits because they raise the cost of operations and focus on the main aspects that negatively affect the good performance of the company. This will minimize costs as well as increasing level of performance. In general, well-designed packages of total rewards should be embraced by all co mpanies since they motivate employees to perform better than they would in the absence of the packages. This leads to the average good performance of the companies (Kaplan, 2007). Reference Durfey, K. (2002). Aligning Employees to Organizational Objectives, Solutions, 15(3), 26-28 Kaplan, S. (2007). Business Strategy, People Strategy and Total Rewards. Benefits and compensation Digest, 44(9), 13-19.Advertising We will write a custom research paper sample on The Total Rewards System specifically for you for only $16.05 $11/page Learn More Parbudyal, S. (2002). Strategic Reward Systems at Southwest Airlines, Compensation Benefits Review, 5(1), 28-33 This research paper on The Total Rewards System was written and submitted by user Jaidyn Nolan to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

The First Five Pages

The First Five Pages The First Five Pages The First Five Pages By Maeve Maddox What can an agent tell from the first five pages of your manuscript? According to Noah Lukeman, plenty. The First Five Pages: A Writers Guide to Staying Out of the Rejection Pile analyzes the types of mistakes that appear in 99 percent of the unsolicited manuscripts received by agents and editors. His experience as a literary agent who has read thousands of manuscripts has led Lukeman to this conclusion: From Texas to Oklahoma to California to England to Turkey to Japan, writers are doing the exact same things wrong. The purpose of his book is to show writers how to be their own first readers. The First Five Pages assumes that by scrutinizing a few pages closely enoughparticularly the first fewyou can make a determination for the whole. It assumes that if you find one line of extraneous dialogue on page 1, you will likely find one line of extraneous dialogue on each page to come. Even before he gets to a discussion of such things as dialogue, characterization, and point of view, Lukeman emphasizes the importance of Presentation. By Presentation he means such purely mechanical matters as paper, margins, and enclosing a stamped addressed envelope. No matter how great the artistic merit of a manuscript, careless packaging can keep it from taken seriously. Such inattention to detail, says Lukeman, may signal carelessness, sloppiness, ignorance or defiance of the industrys standards; that the writer doesnt care enough to do the minimum amount of research to make a manuscript industry presentable. Often when a writers presentation is careless, his writing is too. I especially like what Lukeman has to say about the importance of an extensive vocabulary in creating a clear, specific, distinctive style. He notes a dearth of vocabulary in the work of modern writers: It is as if all of todays writers were working from a high school-level vocabularyand writers who do use unusual words more ofen than not misuse them He encourages writers to enrich their vocabulary by learning not just a words current meaning, but its origin and history as wellnot for mere erudition, but in order to fix the word in the writers mind and make it his own. This extra lore is what I call iceberg information, knowledge that floats below the surface of the writing, adding substance without show. Barely 200 pages in length, Lukemans guide puts the writer in the mind of the agent, packing a lot of insight into a small space. The chapters are brief, but to the point, and each one is followed by writing exercises. For the author who has a novel ready to market, The First Five Pages is a valuable tool for the final revision. You can find the book on Amazon.com. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Book Reviews category, check our popular posts, or choose a related post below:50 Redundant Phrases to Avoid"Gratitude" or "Gratefulness"?When to Spell Out Numbers

Powerpoint on Universal Studios Hollywood Park (see other instructions Presentation

On Universal Studios Hollywood Park (see other instructions ) - PowerPoint Presentation Example The company went to receivership and Standard successfully obtained only to lose it two decades later to the MCA (Sehlinger, & Testa, 2011). The company has since diversified to the international platform. The entertainment company serves almost all ages in the global society through the production of the most appropriate films that each age may deserve. The movies sell globally across different cultures and political systems because of its approach to customization to ensure that ethics are not contravened whatsoever (Sandler, 2008). The Universal studios based in Orlando which own a water park establishes the best local example the company’s entertainment approaches. The company ensures that entertainment services are the key to drawing visitors to its services which include hospitality services (Sehlinger, & Testa, 2011). The company’s management ensures advertisement throughout different geographic and demographic segmentations with precise emphasis of the benefits accruable from visiting the studios or using its products (Wallace, & Adams Media Corporation, 2004). These approaches target both local and international clients (Plunkett, 2007). The American based and one of the oldest entertainment production companies has its headquarters at Hollywood. However, over the last half a century, the company diversified accordingly to different markets in the United States of America, central Europe, and south East Asia (Enz, 2010). These effects date from the initial owner ship of the Laemmle’s family, to the receivership by Standard to the current ownership. The US authorities implement stringent approaches to regulating ownership and decision making processes of the media industry. Therefore, Universal studios fall under the acts thus; only 20% of the shares may be sold to the foreign investors, although the authorities may withhold such measures if the increased foreign investments shall benefit the indigenous