Rewarding Performanceby

Besnik, Ilkmen, Axel, Julian, Fiodor

If he needs to know why we have chosen this topic – Besnik to add verbally: After considering alternatives such as leadership etc we decided to research ‘Rewarding performance’ because we believe to be more relevant for since we can discuss our own experiences

'Is there a most effective reward system?'

Besnik to add verbally: There are obviously different ways in which organisations can choose to motivate their employees...the aim of our research is to find out whether there is one single most effective reward system out there or whether it’s actually impossible to have one systems that fits all due to many different factors.

Research Methodology

Done so far:1. Personal experiences2. Textbooks and journals - Michael Armstrong,

Mullins, Robbins, Thomas Wilson3. CIPD podcasts

Still to do:1. Survey2. Case studies add verbally: e.g. Google etc

To add verbally: we simply divided some of the work between us, Julian content th...etc. And finally we have almost reached the stage where we can all concentrate on total rewards

Findings

Content Theories

FindingsProcess Theories

• Focus on psychological forces that affect motivation as well as on basic needs.

• The three main process theories are; Equity Theory (Adams, 1965), Expectancy Theory (Vroom, 1964 and Porter and Lawler, 1968), and Goal-Setting Theory (Latham and Locke, 1979).

• Add verbally: we have decided to look at Goal-setting theory in just a bit more detail, no particular reason just the fact that there is a restriction on time and a word limit, so we can’t discuss all theories in detail.

• Goal-Setting Theory: Effective when dealing with simple tasks but has limitations. To add verbally; e.g. cultural differences (Japan), personal goals might come into conflict with the goals of the organisation, does not promote innovation.

Findings

Extrinsic rewards (including non-financial)

Findings

Intrinsic rewards

Findings

• Total rewards

Conclusion so far...

To add verbally: Obviously we still have to do more research in order to come to a conclusion... So far however we have found no system that would fit all organisations, although there are common factors e.g. Autonomy at work,

responsibility, intrinsic rewards, fair pay etc.

Introduction

- Rationale (how will this research project help us in personal development?)

- How have we divided the work?- Introduce the research topic and mention that

we have found that there is no answer to what is the best reward system and talk about how we tried to prove it.

- We critically analysed the theory and applied it to practice.

Rationale for choosing this topic

• How will the group report help me in my personal development?

• Does this have practical application?

• yh