| Category | Essay | Subject | Management |
|---|---|---|---|
| University | University of Westminster (UOW) | Module Title | 7HURM018W.1 Reward Management |
In this sample essay we talk about the threat Coca-Cola may face when it fails to engage younger and more mobile employees. Optimizing rewards strategy is integral for Coca-Cola to improve equity, make rewards more immediate for younger employees, and ensure a balanced, inclusive approach is offered to its global workforce. Coca-Cola was founded in the year 1886 by John Stith Pemberton, it is a global leader in the beverage sector, best known for its flagship carbonated beverage. The company is headquartered in Atlanta, Georgia, the firm operates in over 200 countries, featuring a wide range of beverages including soft drinks, juices, teas, and bottled water (Coca-Cola, 2024).
The efficiency of Coca-Cola rewards management strategies will be discussed by highlighting the pros and cons of these rewards in motivating employees. These rewards topic analysis will allow areas of improvement to be addressed effectively. Labor market theory, Maslow's hierarchy of needs, expectancy theory, organizational justice theory and several other theories will be applied to better evaluate the efficiency of current reward management strategies. Areas of improvement will be briefly discussed based on the overall analysis.
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