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Essay / Research Paper Abstract
3 pages in length. No longer are organizations expecting supreme performance from their employees without providing some type of incentive; in today's workforce, the competitive level from both sides of the paycheck has restructured the rules for enticing and then retaining a strong staff. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: LM1_TLCMotivRwd.rtf
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then retaining a strong staff. Companies are becoming much more open-minded in their approach to motivation and rewards systems in order to establish themselves in the highly competitive benefits
market. Compensation packages - from corporate executives all the way down the chain of commands - help employees stay afloat in an often slow or burned out economy, affording
them such luxuries as insurance, counseling, daycare and other entities the typical 9-5 worker would not otherwise be able to obtain. At a time when workloads per employee are
increasing, it is more important than ever for employers to retain the key people with the experience and institutional knowledge that keep the business running smoothly. Voluntary benefits can
be an important tool in that effort (Guzzetta, 2003). Because no two companies offer the same motivation or reward systems, employers and
employees alike find it challenging to stay abreast of market trends. Some companies put more effort into pension programs while others find there is more advantage to increasing the
level of insurance benefits. Still other organizations deem various counseling options to be of great help in keeping their employees healthy and on the job. Some even offer
pet insurance as one of the newer incentives. Which combination of benefits a company offers is different with every employer, however, there is a standard group of such allowances
that are typically offered by many organizations. o Paid and unpaid leave o Insurance o Personal financial planning o Retirement o Counseling (drugs, alcohol, marital, etc.) o Child and
elder care o Extended vacation and sick leave Not all motivation and rewards systems are based upon tangible assets, however. The
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