3. Implementations: Rewarding and Employee Engagement Approaches in an Organization.

 

Source(GreggU, 2021)

In HRM, Rewarding play an important role in encouraging and retaining employees within the organization. Financial Supporting, recognition and Appreciation, career opportunities and its developments, work-life balance all these ideas include in the term “Rewarding”. In parallel, Employee Engagement also important for organizational success, which is encouraged by open communication, empowerment, feedback, teamwork, and a healthy workplace culture (Eva Andres, 2022; Hannah price, 2009-2024).

By integrating these aspects, support to the organizational goals by making people feel appreciated and encouraged to perform successfully. Meantime, continuously review and personalizing of these methods are important and needed for reshaping to changing organizational culture and satisfying varied employee needs, these resulting in a peaceful and productive workplace for the employees (Hannah price, 2009-2024) 

In Sri Lankan context there are many practical approaches of these aspects made by the companies to enhance their organization productivity and efficiency.

 Hayleys PLC; multinational and diversified conglomerate company in Sri Lanka has identified the key future-skills of their employees and take proactive approach to enhance those identified skills.  They have given their employees on the job training, coaching, cross sectorial and functional training as well as they have offered financial support to educate their employees. At the same time, they have managed group reward scheme which is provided market-competitive benefits and that help the company to attract, motivate and retain their employees. Benefits: the company provided to their employees are included element which are applicable for within group and some of the benefits are non-core which is applicable for selected areas. They have highlighted that the selected categories of the group-wide benefit include life insurance, fuel allowance study assistant etc. And the company has provided discount for the employees for Hayleys product, funeral fund as well as retirement benefits for their employees through their recreation club (Hayleys PLC, 2023).


Source (Hayles PLC, 2023)


ACL Cables PLC is a cable manufacturing company also another example for active participant who is practicing the rewarding and employee engagement within the company. Recently they have awarded their long-standing employees who served over 25 years to their company with golden coin as a token of honor and recognition by their chairman and managing director. The company has a program to reward for the students who has gained highest marks for grade 5 scholarship examination who is among the children of electricians (ACL Cables, 2024). And they have organized many events like “pirith ceromancy” as well as leadership, motivational development events, on-the-job training programmes to improve their employee’s skill and for educated their employees (ACL Cables PLC, 2023).


Source (ACL Cables PLC, 2023)


Conclusion: 

Any organization needed to have an effective rewards and employee engagement Approaches to enhance self-motivation among the employees, to retention and improve productivity, to maintain positive work culture within organization and finally, to achieve organizational goals efficiently. According to the resources I have following through, these key strategies have positive impact to the Sri Lankan industry, and they have actively participated and gain success from it.

 

 

Reference:

Eva Andres, 2022. Rewriting Employee Engagement, Executive Network. [Online]


[Accessed 26th Mar 2024].

 

Hannah price,2009-2024. Improve employee engagement using recognition and reward, Jostle. [Online]

Available at: https://blog.jostle.me/blog/improve-employee-engagement-using-recognition-and-reward

[Accessed 27th Mar 2024].

 

Hayleys PLC, (2022/23). Annual Report. Colombo: Hayleys PLC. 


ACL Cables PLC, (2022/23). Annual Report. Colombo: ACL Cables PLC.

 

ACL Cables, 2024. [Online]

Available at: https://acl.lk/electrician_club/csr_view/17

[Accessed 26th Mar 2024].


GreggU, 2021.Total Rewards and Employee Engagement.

Available at:https://www.youtube.com/watch?v=BipLHFf6C5Y

[Accessed 27th Mar 2024].






Comments

  1. KUMARA WELEGEMarch 30, 2024 at 1:47 AM

    The content of article is very clear that’s important any of organizations to build the retention human capital

    ReplyDelete
  2. Rusky AhamedMarch 30, 2024 at 8:33 AM

    Investing in effective rewards and employee engagement strategies is paramount for any organization's success. Well written article.

    ReplyDelete
  3. Gowri PereraMarch 31, 2024 at 8:39 AM

    Effective employee engagement and rewards programs are essential for any organization to boost employee self-motivation, retain talent, increase productivity, uphold a positive workplace culture, and ultimately accomplish organizational goals with efficiency, you explained it nicely.

    ReplyDelete
  4. Ruwini DissanayakeApril 1, 2024 at 10:56 PM

    This comment has been removed by the author.

    ReplyDelete
  5. Ruwini DissanayakeApril 1, 2024 at 10:58 PM

    The report adeptly links theoretical underpinnings to practical examples by using real-life profiles from Sri Lankan companies, Hayleys PLC and ACL Cables PLC, illustrating their successful implementation of reward systems and employee engagement tactics and Well structured offering a comprehensive and detailed assessment of Human Resource Management (HRM) with specific emphasis on the role of rewarding and employee engagement in an organisation.

    ReplyDelete
  6. Dhanushka PathiranaApril 12, 2024 at 10:33 AM

    I appreciate the practical advice provided in the post, such as ensuring that employee rewards match their preferences and acknowledging employees for their hard work and contributions. The examples shared in the post are helpful in demonstrating how rewards and recognition can be integrated into an organization's culture to improve overall engagement and job satisfaction.

    ReplyDelete
  7. Sakvithi SenadeeraApril 13, 2024 at 9:08 AM

    In addition to what stated in the blog. Implementing rewarding and engaging approaches in organizations boosts morale, fosters loyalty, and enhances productivity. From recognition programs to personalized development opportunities, these strategies create a culture where employees thrive and feel valued.

    ReplyDelete
  8. Chethana LiyanageApril 15, 2024 at 7:08 AM

    Exciting article on implementing rewarding and engaging approaches in organizations! It's evident that prioritizing employee satisfaction and motivation is key to driving success.

    ReplyDelete
  9. Laurena CottlingApril 15, 2024 at 10:15 AM

    This comment has been removed by the author.

    ReplyDelete
  10. sudarshiApril 16, 2024 at 11:33 AM

    In order to boost employee self-motivation, increase productivity, retain a great work environment, and ultimately accomplish organizational goals effectively, any firm needs to have effective employee engagement and rewards programs in place. These crucial tactics have a beneficial effect on the Sri Lankan industry, in which they have actively participated and succeeded

    ReplyDelete
  11. Saranga ThilakaratneApril 17, 2024 at 12:48 AM

    Neat job in explaining how rewards and employee engagement are crucial in HRM, promoting performance, and retention, encouraging a positive workplace culture, and showing practical examples of companies like Hayleys PLC and ACL Cables PLC in Sri Lanka demonstrating effective practices in enhancing employee development.
    Love reading this article, it's full of facts. Thank you.

    ReplyDelete

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