Balancing home and work life is a constant challenge for many employees and as such the prevalence of family-friendly company benefits programs, such as childcare and employee assistance programs, has increased as companies seek further avenues to competitive advantage. A study examining the relationship between employee satisfaction, family-friendly benefits programs and employee turnover in U.S. federal agencies found that satisfaction with family-friendly programs reduced turnover levels, although the turnover effect differed by benefit program.
Key Topics: Benefits; Family-friendly programs; Employee turnover; Employee satisfaction
With the ever-increasing importance to companies of offering a high calibre employment proposition in order to attract and retain high calibre employees, researchers in Spain examined three prevalent forms of employee benefits strategies employed by companies to manage employee benefits, namely fixed benefits, flexible benefits, and flex benefits plans, and the effect of these different strategies on company’s' employee attraction and retention capacity. The findings indicated that companies with more flexible benefits offerings had a greater attraction and retention capacity.
Key Topics: Employee benefits; Flexible benefits; Employee attraction; Employee retention
A recent study in Malaysia sought to identify which HR practices led to customer facing employees in the hotel sector displaying greater service-oriented organizational citizenship behavior, and whether work engagement acts as a mediator. Specifically, the study looked at the HR practices of service training, service rewards, performance appraisal, and information sharing. The results found that training and performance appraisals had the greatest effect on service-oriented organizational citizenship behaviour, with work engagement having a mediating role.
Key Topics: Work engagement; Organizational citizenship behavior; Training; Reward
In modern business, developing a rapidly changing and knowledgable workforce to meet business pressures is crucial for company success, and central to this employee development is workplace learning. A study of the Spanish wine industry examined the types of rewards linked to employee training in the workplace, and the how these rewards differed by job categories and job functions. The findings indicated that multiple types of reward are used by companies in incentivising training, with financial rewards being less common than non-financial rewards. The study also found that training related rewards did not differ based on job type.
Key Topics: Training; Rewards; Learning culture
Organizational commitment by employees is one of the cornerstones of any successful company and has been shown to significantly impact various performance metrics. A study carried out in China sought to investigate the relationship between organizational commitment and turnover intention, as well as with intrinsic, extrinsic and social rewards. The study results suggest that all of the aforementioned reward types are positively related to organizational commitment, while turnover intentions were found to decrease as commitment increased. Findings also suggest that organizational commitment is related to a number of other factors, including training and autonomy.
Key Topics: Organizational commitment; Turnover intentions; Extrinsic rewards; Intrinsic rewards; Social rewards |
Popular Reward Chronicle Searches
Compensation. Pay for performance Benefits Millennials Exec compensation Motivation Gender Topics
All
Join The Reward Chronicle Team
Are you passionate about reward? We’d love to hear from you. Click here for more details on how to contact us. |