Motivation, Rewards Systems and Employeee Performance Term Paper

Motivation, Rewards Systems and Employeee Performance - Term Paper ExampleThere is a strong relationship that exists between motivation, performance and reward systems in any social set up and the business organizations in unique(predicate). The reward system influences the behavior of the workers through motivation which in turn influences their effort and in-person drive towards performing their duty with the goal of boosting the organizational output (Klarsfeld 170). With the current globoseization pressure, the social, economic and political structure of the society has been redefined and the reward systems that were used eagle-eyed time ago are facing irrelevance hence need of reforms. Whereas most firms attached a lot of importance on quantifiable rewards with paltry concern on qualitative aspects, the current situation champions for quality as the greatest motivational aspect of individual performance. Taking the case of IKEA Company which is the tether furniture retail chain in the world that designs and sells ready-to-assemble furniture, appliances, and home accessories the concept of reward squeeze out be explored in depths. From the data available on the global corporate performance records, the company was the worlds largest furniture retailer as of January 2008. This is one of the firms that have reaped from sound human resource management and sets the pace for its competitors as furthest as employee reward is concerned. IKEA is one of the multinationals that give much attention to the individual input of each employee by offering incentives that motivate the overall performance of its workforce. slice several companies in the same industry still rely solely on salary as the only motivational factor, IKEA has gone a offer higher and adopted non-monetary incentives that mean a lot to employees, and this explains its continued excellence in the industry (Klarsfeld 174). Reward system works better in upward(a) the overall effort of employee s in their contribution in value creation in firm, and IKEA seems to have realized this concept from the word go making it hold the first position ahead of the park. It longstanding overall performing standing is basically tied to the quality of its services and good public image it has. It employs for office and trains for skill, and this is one factor that has boosted the exemplary performance and an unmatched competitiveness in the industry and the corporate world at large. Rewards compensate for additional sacrifice of efforts towards attaining specific goals and when it comes to the mission of IKEA, satisfaction of the customer takes central concern and forms the basis of the teams goals. To achieve this dream, the management realized that motivating the workers through incentives and other modes of rewards importantly boosts their efficiency which translates to aggregate firm performance. Since it deals in decorative items with much focus on art and beauty, IKEA relies on hu man capital and real commitment from its employees and this can only be realized through motivating them to deliver up to the standard. IKEA has adopted diverse reward systems in its management policies that suit various require of different employees within its workforce. These rewards take into account age factor,