Communication Satisfaction in the Virtual Workplace Coursework

Communication Satisfaction in the Virtual Workplace - Coursework Example Such innovations are capable of engaging, encouraging and supporting employees in their commitment to duty, which ultimately improves performance. By facilitating different approaches towards employees, innovations in employee benefits help the organization improve its overall competitive compensation strategy by enabling it to present itself uniquely from other organizations. Organizations can tie innovative benefits to specific jobs by primarily considering factors such as what the job description of each group of employees entails. Age is also a critical factor. This stems from the understanding that a certain innovative plan may be significant to one group and meaningless to another. For instance, fitness group membership would not be considered as a priority for field officers who traverse the width of the state while on duty as it would be for those who spend long hours behind computers. Similarly, young adults below 30 would consider mortgages and car loans or grants to be more significant than healthcare or retirement packages while in contrast, the elderly and less active would be tied to retirement benefits (Swanberg, McKechnie, & James, 2011). Critically assessing the effectiveness of equity-based versus creative-approach reward systems reveals that they both depend on an organization’s communication strategy as well as employees’ personal perceptions. Employees have a right to equity-based rewards since it is basically what they enter into a contract with employers to earn. The effectiveness of equity-based rewards is reflected in the manner in which they incorporate the interests of shareholders, organizations, and employees (Worldatwork, 2010). The key objectives of equity-based rewards include obtaining tax advantages and conserving resources while motivating optimum performance by employees.