Reward

[Organizational Behavior and Change - Joseph W.Weiss]

Individuals generally value the rewards they receive in organizations in relation to their own motivation and satisfaction.  Reward systems must be diverse to accommodate different and changing employee needs.

[http://www.asda.jobs/why-join/benefits_and_rewards.html] ASDA has a variety of ways of rewarding their employees. They offer a competitive package as ASDA believes in rewarding their colleagues. ASDA provides their employees with discounts where they are able to purchase products in store for cheaper prices. They are able to recieve up to 20% off all items including in their family stores like WalMart.They also have a discretionary bonus scheme which is designed to recognize and reward employees for their valued contribution throughout the bonus year.

They also give their employees the opportunity to start planning for their future by allowing them to sign up for a pension. What is beneficial for the colleagues because ASDA contributes towards their pension.

ASDA try and promote equity and fairness by giving all colleagues the same amount of discounts. The mangers may get a much better reward for the reason that they are in a higher ranking than the employees who might just work on the shop floor. The managers at ASDA treat all their employers the same. This is beneficial for the employees because they won’t feel like anybody in the same league is better than them.

For

Chief Executives communicate to other important people in the business to ensure that the business doesn’t go downfall and also it will allow them to take over just in case the business becomes unsuccessful. They also take on a tremendous amount of stress and hold a lot of responsibility for the business; they always make important decisions; which good could be good or bad. Most chief executives for businesses have been with the company for a long times and has helped to make sure that the business has been successful.

Against

In some cases if the business fails or has underperformed, it wouldn’t be fair that they should receive a bonus when the business has failed. It will also affect a business for the reason that if the business has made a loss it wouldn’t be beneficial for the business if they start to pay for chief executives more.