Pay and Reward - Tutorial Facilitation Speech or Presentation

Pay and Reward - Tutorial Facilitation - Speech or Presentation Example In the context of engaging appropriate individuals as well as retaining those who contribute their utmost efforts towards the organizations, it has been observed that increasing challenges are being witnessed by the modern organizations thereby, making it necessary for them to evaluate the initiatives of talent management. Therefore, it can be considered that the aspects of employee engagement, performance as well as productivity of the organizations are correlated in order to gain profitability as well as attain an effective competitive advantage. An effective structure of employee engagement is believed to significantly reduce employee turnover, absenteeism and notably contribute towards increasing the productivity as well as the profitability of the organizations. ...A successful employment brand significantly illustrates the employment experience of the existing employees and trigger desires for newly hired employees within the organizations. Creating an effective employment bran d and achieving superior reputation significantly gives rise to a sophisticated working environment which boosts productivity as well as trims down the attrition rates of the organizations (ICIMS, â€Å"6 Key Essentials for Engaging and Retaining Top Talent†). Potential Administrative Issues/Problems With respect to finding and hiring potential employees, it is considered imperative for the organizations to maintain the framework, principles as well as certain administrative issues pertaining to the organizations. The organizational principles are supposed to be the core aspects which aid to build an effective and sustainable position within the market. During the process of hiring or recruiting talents, the organizations should consider certain factors including educational background, adequate knowledge, and experience as well as behavioral aspects of the candidates. Moreover, the organizations are also known to possess certain principles that are frequently considered to b e inflexible in terms of hiring individuals. Compensations and Benefits It can be extensively observed that paying suitable and higher wages to the employees or paying additional compensation proves to be highly beneficial in terms of increasing talent engagement which also further helps to reduce the attrition rate of the employees.