employee rewards

Essay by anwar93College, UndergraduateA, October 2014

download word file, 10 pages 0.0

Anwar Hussain (ID No. 000718551-0)

Business with Human Resource Management, BA Hons

INDU1139: Employee Resourcing & Development

Assignment 2 - Essay

Question - Many organisations now use Learning and development as part of their Rewards - discuss how and why this might be with reference to the new psychological contract

ALL points identified MUST be supported with theory and good practice examples, not just bullet points.


Examples of best practice can be researched via Personnel magazines, Internet and IDS Reports, in addition to the recommended textbooks.

REMEMBER the analysis must draw upon the relevant theory and literature to underpin and support your answers and argument.

Submission Date.

Assignment 2, completed report must be submitted by 3pm on 17th March 2014


In today's business world there are many competitive employees out there with outstanding experience and high level of willingness and education level. All employees want to be a valuable asset for their company and remain competitive in today's labor market always because they make some demand for employees in the labor market.

This can only be achieved through employee training and development. Employees will always want to develop and enhance their skills which will lead to employee motivation. In addition employers are concerned about keeping employees engaged after they have suffered through wage freezes, lost bonuses, increased work demands and downsizing. Rewarding employees under these tough circumstances is extremely difficult while recognizing that once the economy improves the top talent may leave for other opportunities that may appear in the market however there are always many ways to avoid this - employee reward and development.

Primarily, the Psychological Contract refers to the relationship between a company's employer and its employees. It concerns the mutual expectations of the inputs and the outcomes in the company. The Psychological Contract is...