A study on Reward Management System

Presented by Rajath V. Salian

1

Aim of the study  To conduct a study on reward management system with respect to Ford motor company 2 .

Objectives of the study  To conduct a literature survey on reward management system and its importance in Ford motor company  To study and analyze the findings with reference to reward management system in Ford motor company  To provide inferences 3 .

S)  Rewards are of 2 types:   Financial Non-financial  The present trend is to provide employees with employee stock options ( ESOP’s)  Purpose of such system is to    Motivate Retain top performing employee Align employee targets with organizations goals 4 .Reward Management System (R.M.

000 5 .Ford Motor Company  American multinational automaker based in Dearborn. Ford hires 164. Michigan   Founded by Henry Ford As of 2010.

R.M.S in Ford Motor Company  Purpose of this system:  Development and implementation of programs and processes to improve employee satisfaction and retention  Development and delivery of interventions to strengthen employee-manager relationships 6 .

 Shift from manufacturing process to team based to provide authority to employees   Use of intranet to convey information Enables employees to communicate and voice their opinion 7 .

 Employee Involvement (EI)    Mutual growth funds (MGF) Employee assistance plan (EAP) Also provide consultation for stress management and risk evaluations 8 .

 Other methods    Employee of the month “Who made the moment” “Magic moments club” 9 .

Conclusion  We have seen and understood the meaning of reward management system  We has seen the reward management used in ford motor company 10 .

11 .References  http://www.com/vdirs/re wards/default.com/term_paper_topics/2009/06/r eward-system-in-organizations.com/article.managerwise.asp?pageid=rewards_main extracted on 31/07/2011.html extracted on 31/07/2011.phtml?id=246 extracted on 31/07/2011.fordtechservice.  http://www.typepad.  http://ivythesis.dealerconnection.

org/wiki/ford_motor_company#ford_motor _company extracted on 01/08/2011.  http://www.  http://www.pd f extracted on 01/08/2011.za/servlet/satellite?c=dfypage&cid=117881 8935964&pagename=wrapper&site=fmcsa extracted on 31/07/2011.scribd.  http://en.co.co.uk/downloads/ford_retail_case_study. http://customerplus.wikipedia.com/doc/23862586/reward-management extracted on 01/08/2011.ford. 12 .

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