Total Reward Metrics

1
Total Reward Metrics

• Presented By
• http//www.premiumessays.net/

2
Introduction

• HRM has changed from the traditional personnel
  management .
• It has become a part of the larger management
  strategy in organizations.
• Total Reward Metrics have been used to measure
  the magnitude of the changes.
• They weigh the expected outcomes against the
  actual results in an organization.
• This gives a clear picture of the effectiveness
  of the organization in its operation.

3

• Total Rewards Strategy on the other hand contains
  some elements.
• These help to measure returns on investment.
• Factors that Total Rewards Strategy Metrics may
  take into consideration are
• number of workers admittance to career
• decreased rates of turnover
• increase in  the acceptance offers by candidates
• specific task participation
• retirement program

4
Organization Examples

• Government bodies
• Schools
• Churches
• They are charged with making sure that the
  organizational objectives are attained.
• Every organization must have values, and code of
  ethics that guides and directs its members (Daft,
  2010).

5
Current and Future Challenges Facing
Organizations

• Globalization.
• Intense competition .
• Adapting to the digital working place.
• This is the greatest future challenge facing all
  organizations.

6
Reward Metrics

• Organizations can employ different types of
  reward metrics .
• This is linked to measures that affect the salary
  benefits of its employees.
• Organizations are evolving from the fixed rates
  of salaries.
• Performance of an employee is more prioritized.
• They may also get certain allowances.
• There are also performance appraisals.

7
Conclusions

• Total Reward Metrics helps in assessing if the
  organization is performing well.
• HRM has made it easier for the organization to
  attain its objectives.
• It has been advocating for efficiency.
• It ensures that organizations recruit the right
  number of employees.
• Ultimately, efficiency minimizes on costs and
  maximizes on revenue.

8
References

• Bonham, S. S. (2008). Actionable strategies
  through integrated performance, process, project,
  and risk management. Boston Artech House.
• Daft, R. L. (2010). Organization theory and
  design. Mason, Ohio South-Western Cengage
  Learning.
• Thompson, J. D. (2003). Organizations in action
  Social science bases of administrative theory.
  New Brunswick, NJ etc. Transaction Public host.

9
Get More Information About Total Reward Metrics

• By Visiting
• http//www.premiumessays.net/