Advise kim about the four reward strategies

Reference no: EM133292539

Kim Chambers is the owner of a software development business in the Perth CBD, "Software Innovations", which provides services to Western Australian businesses. Software designers and developers customise software development solutions, including web applications and mobile apps.

The business has 46 employees, including, 35 software designer/developers, five sales staff, four administrative support staff in HR and finance positions and two managers. The sales staff job is to find businesses that would benefit from the innovative customised software development solutions. The administrative support staff manage finance and human resource services. There is a manager leading the Designer/developer staff and an operations manager leading the sales and administrative support staff. Kim is the Chief Executive Officer.

The Designer/Developer staff have a degree in software development and are mostly employed on short-term contracts working on projects to produce innovative software development solutions. The sales staff are employed on a permanent basis with the focus of their performance being on sales revenue. The administrative support staff have job tenure, their work is routine, and their focus is on efficiency.

You have recently been hired as the HR Manager and Kim wants your advice on reward strategies to improve the development, motivation, and retention of her staff.

Question: Advise Kim about the following four reward strategies and how they may help the software designer/developer employees with motivation and development. Justify your rationale using examples to illustrate

Employee benefits
Employee share ownership

Reference no: EM133292539

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