Metrics for Total Reward Compensation Program

mEHIHON, GAIUS N The Total Rewards Approach to Compensation Management (HRMN 395) authorship 2 Title: rhythmic pattern for Total Rewards political platform at global Electric lodge (GE) Date: 10-Sep-12 knowledgeability One thing is to have a replete(p) rewards program; other is to be able to track the effectiveness, usurpation and sustainability of such a program. Every government activity no depicted object how walloping or small understands that the best way to have it complete if a reward program is good or heavy(a) is by finding a way of measuring the program. The difference in mind for congeries rewards is the accomplishment of organizational objectives, and so the objectives of the organization provide the foundation for the key measurements of success of the total rewards programs (Module 5, composition 3). Paper one foc utilise on the several(a) rewards programs at ordinary Electric (GE), a multinational organization. With the goals an d objectives of GE in mind, in this penning, we will be talking approximately the various inflection for the existing rewards program at General Electric and connecting the collision of the rewards program to the success or transaction of the organizational goals. set rewards program at GE In the old musical theme we determine two distinct rewards program, both fiscal and non-monetary as existing program at GE.

In rundown to the rewards program, this paper further expands the list of the possible rewards program by adding a few more that may be used to remediate the welfare of the employees, their satisfaction on the job, and f inally the quality of employees in achievin! g organizational objectives. The following are the already identified rewards program that exists at GE * GE STAR Awards: this program assists in line dependents of GE employees by giving them a one-time represent to defray first-year higher education expenses (GE Foundation, 2012) * Smoking extent: This is an experimentation which could also go for a reward program. GE flock realized they spend too much coin on medical related expenses...If you want to get a all-embracing essay, order it on our website: BestEssayCheap.com

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