17.REWARD

Different organisations use various methods to reward their employees. As the reward is very important factor to motivate people and increase their performance, companies try to reward employees with very attractive prizes, not necessarily financial ones. The company I work for at the moment has got several different ways to reward employees for their high performance and devotion to work. The company is called Pizza Express and it is very well prospering chain of Italian pizzeria. There are over 500 branches spread over the UK. Pizza Express group has got different ways of rewarding for different job’s position holders.




The managers of each branch are to get financial prizes. These are assigned to them when they make expected savings in current month. The rules for allocating rewards to managers are based on the percentage factor and managers from all branches are competing with each other to get the reward. The system used to evaluate waiters is similar – also based on percentage factor of performance in sales, for they should not only serve to people but in addition to encourage them to spend more money. The prize however is different, for the best ones get ipods.

Should Chief Executives get large financial bonuses in case when the organisations they led has underperformed?
This issue needs to be considered in depth. There are factors for and against rewarding them in such situations.

Reasons for:
• Giving the reward to managers even if their leadership and management have caused inefficiency of the organisation may motivate them to achieve much better performance for next tasks.

Reasons against:
• On the other hand, some of manager are intent only on the reward, so in situation when they would get the reward in spite of failure, they are likely to do not care about improving the performance.

What could be the 3 financial and 3 non-financial ways of rewarding a teacher at a primary school for his better performance?
For financial ways could be listed single bonus to wage, permanent raise in salary or other prize like electronic equipment. To non-financial rewards could be included extra day-off, public praise from principle of school or sending a teacher for free training or course to improve his or her skills and gain better diploma.

From these listed above, one which would motivate me the most is free course, for self development is rather the most important factor and indirectly leads to higher salary in the future.