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Rewards 2025- the Only Way Is Ethics

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Submitted By wendelldinglasa
Words 558
Pages 3
Wendell D. Dinglasa
PA 221B-Human Behavior in Organization
Prof. Vivian Rojas Molina

This reaction paper is in regard to Chapter 5 Rewards 2025- the only way is Ethics. As you may know today employees strive hard to get rewards, bonuses, remunerations, salaries. This is some sort of a motivation to employees to work harder and trying to surpass their previous accomplishments in order to get these rewards, other than the promotion they deserve.

Rewards are a powerful method for encouraging good job performance. Good work may not be repeated and employees can upset customers when managers don’t recognize, encourage, and reward them for job performance that meets or exceeds customers’ expectations. But these rewards must be used effectively.

Every company needs a strategic reward system for employees that address these four areas: compensation, benefits, recognition and appreciation. The problem with reward systems in many businesses today is twofold: They're missing one or more of these elements, usually recognition and/or appreciation, and the elements that are addressed aren't properly aligned with the company's other corporate strategies.

A winning system should recognize and reward two types of employee activity-performance and behavior. Performance is the easiest to address because of the direct link between the initial goals you set for your employees and the final outcomes that result. For example, you could implement an incentive plan or recognize your top salespeople for attaining periodic goals.

The Chapter talks about how the rewards given to employees, such as; Corporate Philanthropic Index, where executives and high earners will not be published per their salary but a new form of competitiveness will emerge the “who gives the most/has the most impact with their giving”.

Team Related Incentive Packages (TRIPs) which will replace the

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