The Impact Of Reward Management As An Incentive For Staff Retention And Organizational Productivity: A Case Study Of Chinese HRM Strategies Of Compensation And Reward At Huawei And Haier (2017)
Reward Management Schemes Dissertation -This research dissertation investigates the impact of reward management as an incentive for staff retention and organizational productivity at the UK operations of Huawei and Haier. Hence, by investigating the strategies of reward and compensation adopted by the case study organizations, the current research sought to provide additional insight concerning the situation under which performance-based reward plans can become effective.
Apart from identifying the financial and non-financial rewards selected by the management of the case studies, it is important that management empowers their staffs and recognizes the role of designing and implementing performance-based plans. The findings revealed that rewards and compensations incentives showed positive significant relation with the level of staff retention and increase in organizational productivity.
The dissertation found that adopting and implementing on performance-based reward scheme in the two multinational organizations increased individual performance and compensation. More importantly, there was a greater impact for the higher performing employees. While using the theory to predict retention and performance of employees, the study observed that the incentives contributed towards attracting less-performing employees and retained a considerable number of high-ability performing employees.
More interestingly, the research study did not find a decrease in the level of individual productivity translating into lower performance. For instance, our interviews conducted on managers from the Chinese Multinational corporations in the UK and other additional analyses, revealed that in light of the reduction in the level of employee sales, managers from the two Chinese multinational corporations from the UK began to hire more employees.
- To examine the nature of reward management schemes as an incentive at Huawei and Haier in the UK
- To examine the impact of reward management schemes on retention of staffs at Huawei and Haier in the UK
- To examine the impact of retention of staff retention on organizational productivity at Chinese Multinationals in the UK
- To examine the impact of reward management schemes on organizational productivity at Chinese Multinationals in the UK
- 15,000 words – 56 pages in length
- Excellent use of literature
- Excellent analysis of subject area
- Includes questionnaire
- Well written throughout
- Ideal for HRM students
Research Objectives and Questions
2: Literature Review
Employee Reward Management Research
Employee Retention Research
Impact of Reward Management Incentives on Staff Retention
Impact of Incentive on Staff Performance
4: Data Collection and Findings
Empirical Model Findings
The Analysis Findings for Productivity Model
5: Analysis and Discussion
The Impact of Reward Management on Staff Retention
The Impact of Reward Management on Organizational Productivity
Theoretical and Practical Implications
6: Limitations and Future Research