Reward Management Model in Firm and Staff Relationship

NB: We do not resell your papers. Upon ordering, we do an original paper exclusively for you.

NB: All your data is kept safe from the public.

Table of Contents

Introduction
Conclusion
Works Cited

Introduction

For any firm to achieve its goals, the firm’s top management must cultivate a relationship between the firm and the staff members and establish a reward management model, which will assist the firm to meet the dynamic needs of both the staff members and the top management.

The company trains and expects the staff members to work for a long time in the company as they perform their tasks in an efficient way as agreed in their performance contracts. The firm expects the staff members to work with minimum supervision, to innovate and diligently learn necessary skills in the course of their work.

On the other hand, the staff members expect the employer to grant them favorable pay, proper working environment and just treatment at all times as agreed by the two parties and as guided by any regulations or statutes relating to employer-employee relation.

Background Information

Air Arabia started its operations in 2003 following a directive from His Highness Doctor Sheikh Sultan Bin Mohamed Al Qassimi (Air Arabia). The firm later became a company limited by liability through incorporation. Air Arabia has two hubs with one of the hubs in its headquarters in Sharjah International Airport in the United Arab Emirates while the other hub is in Casablanca, Morocco (Air Arabia).

The firm has more than 57 destinations specifically in Middle East, North Africa, Asia and Europe (Air Arabia).

Problem of the Study

The reward management model is a crucial part of any modern company’s infrastructure since the company must operate through making maximum use of the employees (Ignited Thrust towards Accelerated Growth). As such, staff satisfaction and the reward model are crucial factors for a company to realize its goals.

The model is a systematic method of gathering and analyzing data concerning jobs with the aim of achieving internal equity (Smith).

Air Arabia has had a very high staff turnover. Such staff turnover is detrimental to the firm since the firm uses resources to train its staff. It affects the smooth running of the firm. Staff turnover disrupts continuity and this translates into financial and reputational losses. As such, the company must do everything possible to avert such high staff turnover.

Research Questions

The study relies on the believe that Air Arabia can avert such staff turnover and boost the morale of its employees by putting in place a proper reward system that will cater for the needs of the employees. The following are the research questions: How does reward model assist to achieve organizational goals and avert high staff turnover? Are rewards within a company able to boost employees’ performance? Lastly, which is the best reward model for an organization?

Research Methodology

The study will include both qualitative and quantitative approaches to ensure that all the necessary information is in place for thorough analysis to yield informed conclusions. There will be a review of available literature on reward systems backed by the findings of this study. The study will administer questionnaires to acquire quantitative data while face-to-face interviews will yield qualitative data.

Limitations of the Study

It will be hard to approach all Air Arabia employees because of the nature of their work. In addition, the staff members work in numerous countries and this presents a difficulty in reaching them.

Expected Results

The study will provide reasons for the high turnover of staff and recommend to the firm the necessary steps required to avert such staff turnover in the future. The analysis from this study and the available literature will enable the researcher to make objective conclusions and recommendations to the firm.

Conclusion

Reward strategies are a prerequisite to good performance by any firm. As such, the management must fully understand the reward model and the needs of the staff members to retain them for longer in the firm.

Works Cited

Air Arabia. “Background”. 2013. Web.

Ignited Thrust towards Accelerated Growth. “Reward Management Model”. 2013. Web.

Smith, Robert II. “Models of Reward Management”. 2013. Web.

Click Here To Order Now!