Sunday, May 24, 2020

Globalization and Corporate Social Responsibility - 780 Words

Globalization and Corporate Social Responsibility Events in resent history have made a clear statement to the executives of the world that Globalization and Corporate Social Responsibility (CSR) are tightly linked in projecting a positive brand image. Most of the negative publicity surrounding the globalization debate is directed at one key area, the perceived lack of corporate social responsibility in the business culture of the developed world. The European Commission defines Corporate Social Responsibility as, â€Å"a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis.(European) As the heat is turned up on firms,†¦show more content†¦The overwhelming facts point to a shady underworld of self-dealing and opportunistic exploitation of the poor and working class, which was until recently, well hidden from the commoner. The executives of WorldCom and Enron provide real world examples of unethical busines s practices, where the desire to make money for their shareholders transcended into an addiction to greed and self-dealing that were displayed by their, â€Å"excessive pay, perks, and golden parachutes†(Carson 392) at the expense of all stakeholders. All is not lost, there are corporations that pride themselves in their sound business model and commitment to ethical business practices. Such companies as Eaton Corporation, and Weyerhaeuser, who according to, a business ethics watchdog, are among the â€Å"2010 World`s most ethical companies.† (Ethisphere) Substandard working conditions in the less developed world are usually described as terrible places where employees are subjected to both mental and physical abuse, near impossible quotas, long hours, extremely low wages, and unsafe working conditions compared to western standards. All of this within an uninhabitable environment that corporations knowingly force the world’s impoverished people to submit to. Through pure ignorance, complete disregard, or lack of moral direction, many corporations have taken the concept ofShow MoreRelatedEssay on Corporate Social Responsibility Globalization2135 Words   |  9 PagesCORPORATE SOCIAL RESPONSIBILITY AND GLOBALISATION INTRODUCTION Corporate social responsibility (CSR) can be defined as the opportunities that the public has of organizations at a specified point (Carroll and Buchholtz 2003, p. 36). The view of corporate social responsibility says that organizations have principled and generous responsibilities in order to earn good return for investors by obeying the law appropriately. Corporate social responsibility produces an organized context how to improveRead MoreApple Inc. : Ethics, Leadership, Corporate Social Responsibility And Triple Bottom Line Reporting And Globalization1261 Words   |  6 PagesTitle: Apple Inc., and their success with Sustainability, Ethics, Leadership, Corporate Social Responsibility and Triple Bottom Line reporting and Globalization. I. Addressing the needs of its employees. Meeting the needs of the employees and maintaining a profit margin. APPLE priorities health to assure a presentable employee who will create a relationship with the customers assuring them a comfortable work environment and addressing their needs. For example, they are offered with health insurancesRead MoreCorporate Social Responsibility ( Csr )1549 Words   |  7 PagesAlong with the fruits of globalization also come the flies. The flow of money, products, and people have increased immensely across the globe in the last century, but as economic crises hit central areas of the globe, the flows also carry that along to other parts of the world. Through these continued global economic crises and recessions, a stronger demand for responsible capitalism has also emerged. Moreover, societies are urging not only governments to take responsibility for the problems but alsoRead MoreStakeholders, Categories Responsibilities of Organizations1723 Words   |  7 PagesActivity 3-Stakeholders, Categories Responsibilities of Organizations 1. Describe the basic features that distinguish the four basic forms of business ownership: sole proprietorships, general partnerships, C corporations, and limited liability companies. Ownership of C corporation is represented by shares of the stock, or shareholders, it is the most common type of the business, where ownership to the shareholders offers a limited liability to all its owners. Limited liability companiesRead MoreThe Impact Of Business On The Environment889 Words   |  4 PagesCSR and financial performance In the studies of Margolis and Walsh (2002), one hundred twenty-two published studied between 1971 and 2001 empirically examined the relationship between corporate social responsibility and financial performance (Tsoutsoura M.,2004). The relationship between Corporate social responsibility and financial performance constitute two main parts. The first one being short-run financial impact (abnormal returns) when firms engage in either in either socially responsible orRead MorePuma Corporation s Integrative Managerial Issues Regarding Social Responsibility Essay1213 Words   |  5 PagesPuma Corporation’s Integrative Managerial Issues Regarding Social Responsibility During the 1960’s, the definition of corporate social responsibility expanded as social activists began to question the typical â€Å"economic obligations† mentality, which focused on the singular economic objective of business. Nowadays, society expects much more out of businesses and corporations. Business firms are expected to go beyond their legal and economic obligations and act in ways that are beneficial to societyRead MoreCorporate Social Responsibility : Asia A Seven Country Study Of Csr Web Site Reporting1352 Words   |  6 PagesMoon, J Corporate Social Responsibility (CSR) in Asia A Seven-Country Study of CSR Web Site Reporting This essay will discourse Chapple and Moons’ (2005) study of corporate social responsibility (CSR) in Asia. The argument will be done through a critical review of Chapple and Moons’ (2005) paper by considering exploration methods, limitations, findings and theoretical bases. CSR has a long History and is traceable within literature but came in action in the 20th century. Corporate Social ResponsibilityRead MoreThe Representation Of The Corporate Social Decisions And Activities1504 Words   |  7 Pages4.2 Legitimacy Theory The corporates were suggested by Hogner (1982) to legitimize their corporate social decisions and activities. In 1983, Lindblom stated a framework about legitimacy theory to explain why companies should disclosure the social information and environment information. Many social studies relied on this framework to claim the theoretical structure. The legitimacy theory was born to strengthen objective of the corporate management to react to the expectations of the community membersRead MoreStakeholder Salience1076 Words   |  5 Pagesstakeholders can be counterproductive and interdependent to decision making. Globalization effects stakeholder’s coalition building and salience in organizations. It is known as an ongoing process or interrelated events of increasing movement of services, goods, and capital across national borders (Lawrence Weber 2011). Stakeholders across organizations build coalitions as a means of increasing salience. Globalization has affected stakeholder coal ition building as well as stakeholder salience.Read MoreGlobalization And Competitiveness : The Impact On Future University Of Alberta Bcom Graduates Essay982 Words   |  4 Pages Globalization and Competitiveness: The Impact on Future University of Alberta Bcom Graduates Nickia Kwan 1468914 University of Alberta Globalization and Competitiveness: The Impact on Future University of Alberta Bcom Graduates Globalization continues to impact how countries connect with each other. This impact can clearly be seen in changing social, technological and economic spheres. As globalization continues to expand its influence, it results in greater international competition

Thursday, May 14, 2020

The Study of Research Choices and Dilemmas Free Essay Example, 2500 words

Research design provides a formal structure for a research study. A three-fold classification is often used to define a research design: randomized or true experiment, quasi-experiment, and non-experiment (Trochim, 2007). A classification of this type helps in describing the internal validity of the design. The distinguishing feature of a research design is the aspect of random assignment. When a random assignment is used in the design, it leads to a randomized or true experiment scenario. Such a design is useful in studying the cause-effect relationship. A robust experimental design would seek to answer the cause-effect propositions: If a program is administered, then the outcome occurs. If a program is not administered, then the outcome does not occur. True experimental design is versatile, controllable, has higher internal validity, often costlier, and at times, the interventions used may border around being labeled as unethical. When a random assignment is not used in the design , then the distinguishing question to ask is: whether a multiple group or multiple waves, in measurement, is used? If affirmative, it leads to a quasi-experimental design, else, it is a non-experimental design. We will write a custom essay sample on The Study of Research Choices and Dilemmas or any topic specifically for you Only $17.96 $11.86/page

Wednesday, May 6, 2020

Plato vs Aristotles View of Women - 1393 Words

Women: Counterparts or Subordinates Women are often overlooked in how they add to society. However, they are a crucial part in defining relationships, roles, and families, all which contribute their share to forming a society. In order to understand what distinct part they play, let us first look at Platos views of women, in which equal chance between the sexes give women the potential to achieve, similar to men. Aristotle, whom we will next look at, believes the contrary, that women are subsidiary to men due to natural characteristics. Let us then look into how both Platos and Aristotles views of society are constructed by their apparent beliefs of women. For Plato, gender is such a minute detail that for the most part it can be†¦show more content†¦Humans, therefore, naturally couple into heterosexual reproducing pairs. As a result, households are formed. The household is ruled by the male, who is justly the dominant member of the family because women Â… lack authority (Bk I Ch 13, 12). The household is comprised of the male head, female counterpart, children, as well as slaves. Slaves are considered part of the household because, he is someone elses when despite being human, he is a piece of property; and a piece of property is a tool for action that is separate from its owner (1254a, 13). So in Aristotles city, it is close to impossible for a woman to make any kind of upward mobility or progress, due to an inborn flaw which lacks the spirited part of the soul. Men therefore dominate not only the family, or household, but also the society. Aristotles city reflects the facts according to nature, that males are dominant. I believe that Plato tries to dismantle society by taking a step back and looking at it, as a whole, so he doesnt miss any part or place too much emphasis on a particular part. Plato sees women oppressed by their gender as a social construct, a product of society. For this reason, in Platos ideal city, women are given their fair chance. Platos question, concerning into which society one would want to be raised, and similarly John Rowles original position ask what basic truths one would want in his/her society. These questions expect an idealisticShow MoreRelatedPlato vs. Aristotle1952 Words   |  8 PagesPlato vs. Aristotle Plato and Aristotle, two philosophers in the 4th century, hold polar views on politics and philosophy in general. This fact is very cleverly illustrated by Raphaels School of Athens (1510-11; Stanza della Segnatura, Vatican), where Plato is portrayed looking up to the higher forms; and Aristotle is pointing down because he supports the natural sciences. In a discussion of politics, the stand point of each philosopher becomes an essential factor. It is not coincidentalRead MorePlato, Aristotle, and Moses Essay2261 Words   |  10 Pagescountries, and nations have enjoyed great happiness when a single individual has taken heed of the Good and Beautiful. Such people not only liberate themselves; they fill those they meet with a free mind. Philo of Alexandria Athens, via Socrates, Plato and Aristotle, and Jerusalem through the Hebrew Scriptures, refer to two general and fundamental ways of life: the life of free inquiry on the one hand, the life of obedience to God’s law on the other. As discussed in class, the fact that most doRead More Aristotelian Ethics and its Context Essay6933 Words   |  28 Pagesunderstood properly not in the sense of politics qua nomothetike but just as politike, i.e., direct, participatory politics as was enjoyed in the Athenian polis and as the formed background to Aristotle’s philosophizing on the nature of ethics. The ethical import of politics can be retrieved from Aristotle’s Ethics (in both versions) and Politics by dwelling on the connection of eudaimonia and humanity’s function as such. Aristotle does not construe this function as contemplation but rather as theRead MoreA Review of Ethics Concepts Theories2669 Words   |  11 Pagesis addressed by philosophers. 2. Explain how ethical norms help address ethical issues that arise in accountancy. 3. Contrast the views of Mills, Machiavelli and Kant. 4. Describe what is meant by a social contract. 5. Analyze a given situation and tell why it would be appropriate or inappropriate to lie. 6. Explain the views of Kierkegaard and contrast him from other existentialists. 7. Discuss the concept that ethics cannot be based on religion. 8. ExplainRead MoreThe Philosophy of Happiness11705 Words   |  47 Pages or give it to those less well off? What was Aristotle’s own choice between the three types of life on his short list? There is no single answer to this question: Aristotle wrote more than one treatise on happiness, and he gave different accounts in different treatises. But in all of them, we are offered a definition of happiness as activity in accordance with virtue, that is to say, doing well what is worth doing and what we are good at. Aristotle’s definition derives from a consideration of theRead MoreA Picatrix Miscellany52019 Words   |  209 PagesThere follow remarks on the dependence of the talismans on the heavenly bodies and the importance of the magician’s concentration of his energy towards his purpose, again with verbal echoes from the Ihwà ¢n al-Safà ¢Ã¢â‚¬â„¢. Along with these go aphorisms from â€Å"Plato† and Tà ¢bit ibn Qurra, as well as two extracts from a treatise ascribed to Aristotle, which is later quoted entire in Book IV, chapter 4. (pp.34-36). Examples are given of the â€Å"incantation† of talismans to make them effective. These formulae are

Tuesday, May 5, 2020

My Future in Law free essay sample

It was my first phone call. My heart was racing. I even thought about hanging up. I had called boys before, but this was different. I wasn’t calling to ask for a ride or about weekend plans. I was calling him to find out what he had done wrong. This was my first Youth Court phone call. â€Å"Hi, Jared. My name is Cheryl and I’m going to be your defense attorney at Youth Court. Could you tell me what happened on July 13?† I asked. Jared explained that he had given in to peer pressure and stolen several CDs from a store. When Jared’s court date arrived, I could barely breathe because I realized what an impact I’d have on him. Everything went smoothly, and Jared was sentenced to 12 hours of community service. When he turned to me and said, â€Å"Thanks, Cheryl,† I couldn’t stop grinning. After that, Youth Court felt like a drug, and I was addicted. We will write a custom essay sample on My Future in Law or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Youth Court is a peer-based alternative to family court. In tenth grade, a friend suggested that I apply. During training I learned how to act as a court official, judge, bailiff, clerk, defense attorney or prosecutor. Its purpose isn’t to punish defendants but rather to teach a lesson. To do this, they are sentenced to perform community service hours or write essays. After a year I applied to be a member of the Steering Committee, a group of seven who train others, critique court, interview possible new members and help during court. After two years, I was ready for the big time. I spoke to the Youth Court advisor who arranged an internship for me at a law firm. There, I spent endless summer afternoons doing everything from paperwork to setting up filing cabinets. I also got the chance to go to different courts. My favorite was criminal court, where one judge took a special interest in me and allowed me to hear cases that took place in chambers. The judge made me realize how important it is to have goals and work hard to achieve them. That summer, the judge became my hero. He impacted my life like no one ever had. No matter the charges, he treated all with remarkable respect. He presided over each case with an open mind and ruled in a manner that satisfied everyone. It was during one of those summer days as I sat in his courtroom that I realized I wanted to be a lawyer.

Saturday, April 4, 2020

An Assessment of the Profession of Arms free essay sample

What does it mean to be a professional? A professional is defined as a qualified and experienced person in a work environment that conforms to the standards of skill, with competence and character. After nearly a decade of war the Army has decided to focus on creating professionals rather than just creating warriors. Leaders have realized the importance of being a professional and want to ensure that every soldier and civilian member of the Army understands the same importance. Therefore, the Army has begun implementing the Profession of Arms. The Army is an American Profession of Arms, a vocation comprised of experts certified in the ethical applications of lethal land combat power, serving under civilian authority, entrusted to defend the constitution and rights and interest of the American People† (Gen. Casey, 2010). After reading General Casey’s statement on what it means to be a Profession of Arms I realize the importance of ensuring that the traditions and values o f the Army are upheld well beyond war. We will write a custom essay sample on An Assessment of the Profession of Arms or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It is essential for the Army to develop itself as a profession. By developing professionals the Army is ensuring that service members have leaders with expert knowledge and ethical behaviors. Unlike other professions the Army is based on unique fields of expertise and demonstrated competencies. Even though, the Army is structured differently from civilian careers it is still imperative that soldiers have character and skills that will transfer into the civilian sector. By adapting to a Profession of Arms the military has began preparing for the next phase; a phase that may be different from a war environment. Ethics is the study of moral standards and how they affect conduct. The Profession of Arms mentality will teach soldiers of all ranks to conduct a self assessment and transform into a trained expert with high ethical values. By transforming the warrior into the expert the military is ensuring that ethical values are maintained. It is important that soldiers have ethical values because their duties have an unlimited liability. Soldiers have an unlimited liability because they have taken an oath which ultimately places his or her life on the line. This sacrifice may increase the odds of a soldier participating in unethical situations. When an American citizen sees a soldier in uniform they will formulate their opinions of the military based off of that one soldier. I believe that if a soldier possesses character they are motivated intrinsically and will benefit the Army as a professional by upholding its ethical values. The Army is a way of life; a culture designed to understand, embrace, and demonstrate its understanding. Throughout the entire existence of the Army its culture has been based on elements such as oaths, creeds, the Warrior Ethos and the Army Values. The elements of the Army’s culture are the basis for ethical conduct. Soldiers have been taught to uphold and live by the Army Values but they have not necessarily been taught to remain a professional while upholding these standards. By instilling ethical and moral value into the professional soldier the military is ensuring that all soldiers, even lower level soldiers, are able to make complex and tactical decisions for a strategic effect. If the Army has unethical soldiers they risk failure. Failure due to unethical soldiers can have strategically far reaching implications for the Army, our client nation, and international allies. Sergeant Major of the Army Kenneth O. Preston stated that soldiers must be taught professionalism based on science and art. The science of teaching means making certain that military members understand the laws, the Uniformed Code of Military Justice, and all regulations. The Art of teaching soldiers means ensuring that they are able to apply the sciences of being a professional. â€Å"The Art and science of ethically fighting wars and establishing a more just peace using lethal land combat power to uphold and defend the constitution against all enemies foreign and domestic- and to advance our foreign policies abroad† (CAPE, 2010). After listening to Sergeant Major of the Army Preston, I realize the importance of building blocks for educating service members and incorporating the profession of Arms. The expertise of implementing science and art will manifest itself into specific fields of knowledge: the military technical field, the moral and ethical field, the political and cultural field, and the most important field human development. Without Human development, maturity will not be attained and progress will be inevitable. The steps that the key leaders have taken to improve the military are essential. It is critical that the Army be evaluated to ensure that soldiers understand what we have been through over the last decade. To monitor the transformation the Army has created the Center for the Army Profession and Ethics campaign which is known as CAPE. The Army has decided to introduce the Campaign for the Profession of Arms to develop leaders of character and competence required to meet the dynamic challenges of the 21st Century. This campaign is designed to define and reinvigorate what it means to be a professional in the Profession of Arms. As we embark on this mission, we must reflect on the values and traits that define and distinguish us as a unique profession† (LTG Caslen, 2011). After careful review of The Center for the Army Profession and Ethics campaign I noticed several steps that the campaign has taken to reach soldiers of the 21st Century. One of the most crucial steps that I have noticed is the advance in social media. CAPE has realized the importance of sites like Twitter and Facebook and has created links to reach the social networking soldiers. The campaign has also begun to reach soldiers by utilizing the media streaming network YOUTUBE. In the new Army transformation, all of these advances are great steps and will aid in the success of the Professional of Arms. Ultimately, the success of organizations transformation and adapting of the Profession of Arms depends on the commitment of all soldiers and leaders. If soldiers are unable to learn or unwilling to learn, based on the arts and sciences of professionalism the Army will not be able to move past the last decade of war. Our country has placed special trust and confidence in soldiers as individuals and in the Army as an institution to perform our duties. Exemplary duty can achieve a trust relationship with Americans and a high vocational status. The ethical improvement will demonstrate both effective military expertise and the proper employment expertise. The Profession of Arms outlook will bridge the gap between civilian professional and warrior. I’m excited about the implementation of professionalism. I want my soldiers to be able to transform from a warrior to a professional before the end of their military career, this way they are prepared when their obligation is over and are not at a disadvantage. I believe that character and job competence is the only way to surpass the current era of conflict and CAPE will work with officials to strengthen the Army. References Center for the Army Profession and Ethic (2011). Retrieved on July 23, 2011 from http://cape. army. mil/index. html USACAPE1. Army Profession of Arms (FULL) Part 1 of 2. Retrieved on July 23, 2011 from http://www. youtube. com/watch? v=PEjnKJwLrFU USACAPE1. Army Profession of Arms (FULL) Part 2 of 2. Retrieved on July 23, 2011 from http://www. youtube. com/watch? v=GFnRM56Oejkfeature=relmfu

Sunday, March 8, 2020

Argumentative Essay on Government Banning Video Games Essay Example

Argumentative Essay on Government Banning Video Games Essay Example Argumentative Essay on Government Banning Video Games Essay Argumentative Essay on Government Banning Video Games Essay Essay Topic: Argumentative Should the Government Ban the Sale of Violent Video Games? â€Å"Too many of the video games marketed to our children teach them all of the wrong lessons and values† (Whitehead 108). These are the words from the Illinois governor Rod Blagojevich who is trying to outlaw the sale of violent video games. This issue has been around for a while and the government is looking into it. They say that violent behavior by small children is an effect of the violence seen in the video games. Many people have supported the actions taken by the government but others see it as a waste of resources. There are a number of reasons the government should not get involved in banning the sale of video games. Parents should be responsible and take care of their children. Proponents claim that that the government should ban violent video games for a number of reasons. They claim that research has shown that violent video games affect young people in both short and long term. This leads children to criminal and antisocial behavior. Parents don’t actually know how violent video games actually are and use them to keep their children busy while they are minding their own business so there is no parental supervision. The government has taken interest in this since many people believe that the role of the government is to protect society and its citizens from damaging society as a whole. However, it would be wrong for the government to take steps in censoring violent video games since it is something that is impossible to do. The government would require a great deal of money to stop the sales of video games. Yet, it won’t stop anything since retailers could then move their sales to the internet where the government won’t be able to perform so well. All the money invested would then be a waste. Many people against the law say that the government should spend the money in something more useful or needed. It would be a waste of resources to try and control the sales when internet is so accessible to everyone and can provide access to anything. Furthermore, violent acts by children cannot be attributed to video games; there are a lot of things that come into play. Many known researchers have found that there is no link between violent behavior and video games. The most recent study was performed by Patrick Kierkegaard at the University of Essex, England; it suggested that there is no link between violent video games and violent behavior. Kierkegaard explained that the effect seems to be the exact opposite and one might argue that video game usage has reduced real violence (Kierkegaard). He also states that it is possible for certain types of video game to affect emotions, views, behavior, and attitudes, however, so can books. These can also lead to violent behavior on those already predisposed to violence. Nevertheless, many of the video games that are found to be violent are not created for children. These games are written for adults and have an effective rating system implemented on them. One such rating system is the Entertainment Software Rating Board (ESRB). It was created by the major video game manufacturers due to pressure applied by concerned groups about the content on video games. Many game companies now submit their products for rating by the ESRB. A number of factors are considered when rating games. They include the amount of violence, sex, profane language and substance abuse. The ESRB then gives an age recommendation and a content description to the games submitted. This rating system allows parents to know what each game contains and allows them to make responsible decisions for their children. As evidence shows, it would not be wise for the government to get involved in this. Parents play a large role in development of their children. They are the ones that go and buy the games for the children without paying attention to the safety measures already in place. I have been a video game player for many years and have played every kind of game. Yet, the teachings I received since I was a kid are still in me and I have never had the urge to be violent due to a video game. Parents should take responsibility for their children and the government should not be responsible for the actions of the parents. Dafoe Whitehead, Barbara. Parents Need Help: Restricting Access to Video Games. Elements of Argument. Ed. Annette T. Rottenberg and Donna Haisty Winchell. Boston: Bedford/St. Martins, 2009. 108-109. Kierkegaard, Patrick. Video Games and Aggression. International Journal of Liability and Scientific Enquiry. Ed. Johanna K. P. Dennis. New York: Inderscience, 2008. 411-417

Friday, February 21, 2020

Organisational behavior Essay Example | Topics and Well Written Essays - 4000 words

Organisational behavior - Essay Example A directly proportional relationship has been identified between the two variables. This develops the understanding that if the job satisfaction increases than the productivity/performance of employee will also be increased, this increment in the employee’s productivity is creating a competitive advantage or giving the competitive advantage to the company. This research paper is conducted with the aim of identifying that at what extent the job satisfaction is creating the competitive advantage for the company; along with identifying those components of job satisfaction that are participating the most in improving job performance of the employees. Motivation leads to higher satisfaction, and higher satisfaction leads to higher productivity. LITERATURE REVIEW: Nowadays the companies are determining the reasonable balance between employee commitment and performance of the company (Cullen et al., 2013). The companies are providing fair compensation and rewards to the employees tha t are becoming the main factor in employees’ motivation and self-esteem. Manager has the responsibility to motivate the employees successfully and influence them by different managerial skills to improve organizational efficiency. According to Bratton, Sawchuk, Forshaw, Callinan, & Corbett, (2010) the ability and motivation drives the performance of an employee. Ability of an employee devised through his/her education, equipment, experience, training, ease in the task and two types of capacities i.e. physical and mental. According to Gagne & Deci (2005), the process of performance management is one of the most crucial elements of total reward system and employees at times have to motivate themselves. According to John (2002), the effective performance of an employee leads him/her towards the organizational rewards, as a result, the factor of motivation lies in their performance. Most of the companies require their employees to perform duties according to the rules and policie s of the company and meet all the job standards. The studies that are conducted to determine the relationship between compensation and employees were focused to improve the performance of the employee in the organization (Lai & Chen, 2012). Nowadays employees that are highly motivated create a competitive advantage for their companies; because their effective performance leads an organization to well attainment of its goals. Among all the resources of the company; human resource is most important that can give the competitive advantage to the company. According to Bryman (2013), commitment of the employees is very much based on the reward and recognition system of the company. Most of the organizations increase the performance efficiency of employees by designing attractive rewards and compensation system in the company. Various researches have been done so far in determining the most effective way to increase the productivity of most of the employees in the organization, and it has determined that the most effective way to increase the work efficiency of employees is the rewards and compensation system in the company. Rewards and recognition system play an important role in developing employee satisfaction and motivation. The working environment is continuously changing with the technological advancement and changing human