This assignment focuses on Communication and perception of remuneration packages. There is also a description of Saunders, Lewis and Thornhill 2012 article.
Communication and perception of remuneration packages : Saunders, Lewis and Thornhill 2012
Based on the author’s placement experience, knowledge and business interests, the research project is titled:
An investigation into the communication and perception of remuneration packages within Company X.
1.2 Research Topic Rationale
“Reward strategies are key to attracting, motivating and retaining employees. Employee reward is often seen in terms of financial recompense. But this is not the only means of remuneration.” (Cohen, Nespoli and Downs 2014) Reward management is increasingly becoming an essential aspect within an organisation, however the importance is not purely on financial gain.
Communication and perception of remuneration packages : Saunders, Lewis and Thornhill 2012
So, employees are interested in the overall package offered by an organisation especially in a competitive industry such as finance. Then,the concept of total reward encompasses financial reward, employee benefits and nonfinancial components. “Total reward has a particularly strong potential to enhance the reputation of an organisation as an employer of choice through its capacity to place a value on the non-basic pay or wider nonfinancial benefits of working for an organisation.”
Communication and perception of remuneration packages : Saunders, Lewis and Thornhill 2012
The research objectives clarify the purpose of undertaking the research. Then, breaks down what the study hopes to achieve (Saunders, Lewis and Thornhill 2012). In order to achieve the above aim the following objectives have been identified and will be examined throughout the research:
1. To define what constitutes a remuneration package and relate to X’s standard benefits.
2. To identify the communication channels used within the organisation. Then, assess the effectiveness of X’s current approach.
3. To evaluate employee’s perception of the benefits currently available within Company X.
4. Provide an overall summary of the findings and deliver feedback on areas of improvement or consistency.
Detailed Instructions
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