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Business
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| Number of pages / Number of words: |
9 / 2496 |
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The current reward system is mostly based on position, cost-of-living increases and seniority (UOP, 2008a). With little incentive for teamwork or merit rewards, employees are not motivated to perform well, let alone above and beyond. The engineering and IT departments have salaries about 15 % below the market (UOP, 2008a)...
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The engineering and IT departments have salaries about 15 % below the market (UOP, 2008a). Anything above 10 % and people start leaving (UOP, 2008b).An improved reward system would be one that is fair, is connected to employees work and accomplishments and leads employees to do the work wanted by the firm (Dreher & Dougherty, 2001)...
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