Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Fostering team collaboration
Don’t take our word for it - see why 10 million students trust us with their essay needs.
T- Mobile is one the cellular organizations to work for. They have had their portion of ups and downs. They have made great strides to change with the needs of the customers and well as merge with another organization in order to stay on the competing side but to do what is best to increase and continue to bring in revenue. This paper will briefly about some background on T- Mobile reward system. Then, strategize the total reward system that was created and how it will benefit the employees need. Next, talk about the key communication components of the total reward system. Last, designate the goal for devising a competitive pay structure.
Brief Overview of T-Mobile At T-Mobile, we want to continue to expand our brand. T-Mobile currently
…show more content…
It is imperative to maintain high sales since, T-Mobile faces heavy competition from many other outlets. We have decided the best way to keep the competitive edge is to implement a better total rewards program ("About T-Mobile Usa, Inc.", 2016). How T- Mobile Reward Strategy Satisfies Employee’s Needs
In order to continue to thrive and compete at its highest level and potential, we decided to put a total rewards program in place. Rewards programs will help engage employees and bring out their competitive spirit. If employees continue to receive rewards for their hard work, they will continue to work harder. This rewards program will also build the level of trust between the employees and managers. When employees receive rewards for their hard work, they feel valued at the company that employs them. When they feel valued at work, then their morale is at a high level. The sales associates that have a high level of morality often get more sales. These increased sales are the foundation of the success of the company. This not only will give us a competitive edge, but it will also create a pleasant work environment. A total rewards programs will help benefit both the company and the staff ("About T-Mobile Usa, Inc.",
…show more content…
Our cell phone company will provide a financial assistance program for qualified employees. Employees must be a full time student to qualify and meet the strict requirements before receiving any benefits for this financial assistance program. Once an employee has been accepted in the financial assistance program, the employee must also maintain a 3.0 grade average to continue to be eligible for our financial assistance program. These requirements will help motivate the employee to graduate and maintain a high grade point average, if they want the continued financial help (Nelson, 2012, 2005,
TQL can put a single sales supervisor into place and divide teams and appoint team leaders immediately. Due to the lack of managerial experience among the account executives the Executive Sales Managers may wish to hold the sales supervisor position until a manager can be placed and properly trained. During this time, non-montary methods of rewards should be discussed for the team leaders duties. TQL should start low and move up with rewards based on performance as a team leader. Some may currently act as an unofficial team leader and may not expect significant reimbursement and TQL should take advantage of these persons.
Employers have been coming up with innovative employee rewards to boost morale and acknowledge employee needs for creativity and personal goal accomplishment. Some of the latest potential employee rewards include using the internet at work for personal reasons such as shopping, communicating with friends, or personal finances; bringing a pet to work; instituting a controlled napping policy, and the sports and office betting pools..
Customer satisfaction-T-Mobile comes up with new products at cheaper rates to fulfill the customer needs and wishes.
T-mobile originated stores that allowed customers to actually interact with the lifestyle that they created, making it a valuable shopping experience. T-mobile continues to be a leader in today’s industry; they’ve expended worldwide, presenting 4G LTE and contract free. The reputation of T-mobile has a true distinctive image, and has been consistently developed across a large expanding number of products, brands and international markets. The company’s brand names constitute one of the world’s largely recognized families of consumer brands.
The company motivates employees by providing “reward” and “engagement”. Reward is evaluating the employees properly and giving reasonable salary, and are divided into three parts:
For this report, our team performed a scan of the general environment concerning T-Mobile. Topics which were reviewed include the economy, demographics, technology, legal and political events, and social attributes. Significant events and trends dealing with the segments are analyzed throughout.
... no surprises, overages, or hidden fees. Alongside so many decisions that has to be made daily, contemplating a cellular service provider can be a headache individuals try to solve quickly. The big question when comparing which carrier's plan is a suitable service is the cost. Pondering what distinguishes one carrier from another can be an advantage to any consumer's budget. Contracts no longer monopolize the cellular service, prepaid is the "new" smart option. Doing a little research is prudent to prevent substantial amounts of fees from occurring before committing yourself to a two year contract sentence. Intitially, most companies offer prepaid plans that eliminates lengthy obligations but by comparing AT&T, T-Mobile, and Verizon with Straight Talk's new prepaid plans any consumer should be able to select the right provider to meet their specific cellular needs.
Winn could nothing or implement a rewards program that rewards the employee with more than cash rewards; employee recognition program namely employee of the month with a paid day off or a gift card. As part of the employee focused plan, the company should allow employees’ input on how to become more customer focused, efficient, and effective organization. This would greatly improve employees’ satisfaction and help the company achieve its overall goal of providing quality customer service.
Paid participants were 30% more likely to register for a second semester than students who were not offered the supplemental financial aid. These students also earned more credits and were more likely to maintain an above C average. This result shows that cash incentives help students. In order for this system to work, the best students with A’s will need to receive sixty percent of the total money spent by students with bad grades and students with B’s will need to receive forty percent of the total money spent by students with bad grades.... ...
for their hard work. It can be something as small as buy lunch for the team one day to the team going on an outing and the company paying for it. There are so many different ways other there. If leadership just give a little they will see a complete change in their staff when it comes to attitude, behavior and productivity. When it comes to the employees, they will benefit from it the most because they have so many different things that are being offer to them for being an employee with the company but also to appreciate them for their hard work and what they do on a daily basic to make the company so great. Some of those things are quarterly bonus, yearly raise and extra pay for the type and number of products they may sell when it comes down to compensation for them. When it comes down to benefits for them the will receive health, medical, and denial
Reward Management (RM) has been defined as the distribution of monetary and non-monetary rewards to employees in an effort to align the interests of the employees, the organisation, and its shareholders (O’Neil, 1998). In addition O’Neil (1998) also suggests that a RM system can serve the purpose of attracting prospective job applicants, retaining valuable employees, motivating employees, ensuring legal requirements relating to direct and indirect rewards are not violated, assisting the company in achieving human resource and business objectives, and ultimately assisting the organisation in obtaining a competitive advantage.
Reward and recognition has to be promoted for small and large achievements. An effective reward’s program keeps employees engaged, dedicated, and committed to the organization.
Management spends a huge amount of time to design incentive systems and schemes to motivate their workers and to ensure they work in their best possible manner. Motivating workers by giving them decent pay helps in winning employees heart to make the work done efficiently, significantly and effectively. The most effective way to motivate people to work productively is through individual incentive compensation (Pfeffer, 1998). An attraction of getting more is a powerful incentive to people for high performance. While most people agree that money plays a major role in motivating people, in organizations there is a widespread belief that money may also have some undesirable effects on morale.
Employee compensation and reward systems have undergone a couple of paradigm shifts since inception. Reward systems were traditionally compensation based and focused on the individual or the position (Beam 1995). After a recession in the early 1980's, employers turned to performance based models in an attempt to save money while still rewarding top performers (Applebaum & Shapiro, 1992). Today, the most successful organizations are using a total reward model, a hybrid of the performance based model combined with strategic human resource management planning to create reward systems that both benefit the employee and help organizations realize their operational goals (Chen & Hsieh, 2006).
The culture of appreciating employees for their hard work and achievements by incentives shows how the organization values their employees. Lincoln believed “Status is of great importance in all human relationships. The greatest incentive that money has, usually, is that is it a symbol of success... The resulting status is the real incentive... Money alone can be an incentive to the miser only. There must be complete honesty and understanding between the hourly worker and management if high efficiency is to be obtained”. This shows how harmoniously the labor and management have to work together to produce