Evaluation of Banfield & Kay sample paper

Question: Evaluate how effective the compensation and benefits were at motivating employees and increasing productivity? Answer: Human resource management deals with the most important part of an organization, that is, the most valuable resources of an organization which is considered as the employees of the organization (Banfield Kay, 2012). This specified department provides definite and perfect structure to the firm by providing various services to the specified organization like the human resource managers look after the recruitment and selection process of the firm, provides health and safety to the employees of the specified firm, maintain the relation between the employees, help to avoid organizational conflict and also provide training to the employees. The HR Generalists specially look after the compensation and benefits of the employees (Dessler, 2013). Job satisfaction and the purpose of the job lead to increase in productivity. On the other hand, the factor salary also affects the productivity of a particular organization to a large extent. On the basis on the quantity of the work, the incentives are paid by the managers of the organization. This increases the productivity of the employees to a large extent by working for extra hours, or by working on the week offs. There are various benefits and compensation which can be used as incentives for the employees of an organization with the aim to increase the productivity and also the motivation of the work force. These are bonuses, perks, amenities, education and positive recognition (Mondy Mondy, 2012). The compensation and the benefits affect the productivity and in motivating employees positively. As these benefits affects both the employees and the employers of an organization. The employees generally can experience a peace of mind when the incentives are provided by the employers. This leads to the increase in productivity and also satisfaction as this act served as the protection for their families. Employees can even enjoy additional protection regarding their disability insurance and personal life including replacement of income in the serious event of disability and illness. All these facilities and benefits motivated the employees of the organization. On the other hand, employees can feel the sense of pride regarding their employers and the organization and this make the employees satisfied if all the coverage is received by them (Werner, Schuler Jackson, 2012). Similarly, the employers are also affected by the compensation and the benefits provided to the employees. By providing increased flexibility and benefits to the employees the employers can maintain qualified w orkforce. High risk coverage can be maintained at low costs by providing various benefits to the employees. Thus, compensation leads to reduction in the financial burden of the company. Employee benefits improve the productivity as the employees become more assured about the security of their families and thus perform more effectively. Thus, it can be said that through compensation and benefits the employees of an organization can be motivated positively and thus, the productivity can also be increased. Therefore, effective benefits and compensation are required for the motivation of the employees and these can be better managed and regulated by the human resource managers. References Banfield, P., Kay, R. (2012).Introduction to human resource management. New York: Oxford University Press. Dessler, G. (2013).Human resource management. Boston: Prentice Hall. Mondy, R., Mondy, J. (2012).Human resource management. Boston: Prentice Hall. Werner, S., Schuler, R., Jackson, S. (2012).Human resource management. Australia: South-Western Cengage Learning.