The Role Of Total Reward And Motivation - 1573 Words

3.1 Role of Total Reward and Motivation in the Third Sector Organisation Providing and working for a specific cause for people and environment is always seen as a positive attribute. However, employers in the third sector are in race to attract and retain their most important and valuable asset their employees, who are drifting from working with charitable organisations towards the private organisations. Based on a research by the Best Companies in 2009 for HR magazine, it was stated that majority charitable organisation provide reward and benefits compared to the private organisation (Woods, 2016). Employees that work in the third sector are often seen as motivated as they are supporting a cause and providing assistance and support, and it is the manager who has to ensure that this behaviour is persistent in the employees by providing constant coaching and personal development opportunities for the employees to feel valued and increase their self-esteem and maintain the level of motivation. Third sector is defined as charitable, voluntary, community and social association albeit the other public and private sector in the industry. Hence to ensure the continuity of the third sector, it is dependent on the employees and volunteers of such organisations. Every third sector needs to be aware of the needs and requirements of their employees specifically those that are permanent paid and experience employees. A highly motivated employee will contribute towards the developmentShow MoreRelatedThe Role Of Performance Management And The Reward System905 Words   |  4 PagesIn my essay, I will critically assess the role of Performance Management and the reward system in organisations toward the employees and the business as a whole and outline the various types of reward and their advantages and disadvantages. Armstrong and Baron (2009) defined Performance management as ‘‘a process for establishing shared understanding about what is to be achieved, and an approach to managing and developing people in a way which increases the probability that it will be achieved inRead MoreEssay about 3prm937 Words   |  4 Pages3PRM - SUPPORTING GOOD PRACTICE IN PERFORMANCE AND REWARD MANAGEMENT Activity 1 Explain at least 2 purposes of performance management and its relationship to business objectives. 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