Mcdonalds reward and practices Essay Example | Topics and Well Written Essays - 500 words

Mcdonalds reward and practices - Essay ExampleIts continued success in the food and service industry smoke be undoubtedly attributed, among other factors, to the right strategies it has devised in handling its human resources. This paper evaluates the reward structure and arrangement that McDonalds uses currently both monetary and non-monetary and relate their effect on employees motivation and eventual performance.McDonalds understands how much effective monetary compensation is to an employee. This is the currency employees are paid for the job they do and it is structured based on the pay rates in the industry for the same nature and rank of job. It is a motivational factor as workers who demonstrate great skills and perform highly receive pay rise making them strive to be the best.There is diddle term and long term incentives that are variedly offered based on ones performance. Short term incentives are those that monetary appreciations offered at the end of the course to re ward exemplary performances while long term incentives are those offered at unknown future dates. These incentives have great influence as they maintain the employees center on on the future of the business employees work for future rewards (Armstrong, 2007, p.100).Another strategy that McDonalds uses to motivate workers for high performance is through offering car that they can use for official and personal needs. There is a laid down criteria through which these cars can be acquired (eligibility criteria). Captivating enough is the fact that maintenance and meliorate costs are all on the company. Workers stress of travelling has, therefore, been neutralized. The cars act as a tangible evidence of appreciation to the employees and this facilitates their loyalty to work as they can relate their inputs to rewards.The business has non-monetary programs that aim at motivating the workers for their excellent performances. Recognition programs are basically certificate awards that