Question

·        Use the Internet to research a company that has an excellent culture and or reward an incentive system. What are this company’s main financial and nonfinancial benefits?

Answer 1

AMAZON:One of the leading organization in ecommerce business and cloud computing.Amazon is famous for its retailer and ecommerce business one of the top most organization in ecommerce business.Started on july 5 1994 by Jeff Bezos in seattle washinton.As per current ecommerce Amazon standing the first place in terms of sales and revenue generation.It almost sells all types of products that are available in the market.

It is having a different web application for countries like United States,Ireland,Canada,France and Germany etc.Amazon famous for international shipping of selected products that are available in their website.

Amazon is looking for its improvements through availability of variety food items,In 2017 Amazon was announced that it would acquire whole foods.

What not every item is available in amazon like toys,groceries,clothes and electronics.The recent launch of Amazon prime brought Amazon a huge growth in the market.There are so many users registered with Amazon prime for fast and discount offers,also users can view videos and movies through Amazon prime.

EXCELLENT CULTURE OR REWARD INCENTIVE SYSTEM IN AMAZON :

• Organization growth is involved in providing the best culture and environment at work place.Amazon is best in providing the excellent and best work environment towards its employees.

• The one of the best thing in amazon is its culture and courtesy towards its emploees.It is also known for huge employees that are working with Amazon.

• There are so many techniques that are followed by Amazon in monitoring employee performance and great encouragement towards its staff achievements.

• There are so many articles are out about the company's approach and even tele casted through different mediums regarding the company's approach towards its employees and inspiring performance from staff.

• Amazon is best in providing the best pay to the employee in terms of wages and incentives.It has a different incentive plan system which encourages its employee to continue their dedicated and quality service to users.

• Amazon best in delivering quality products and services through its dedicated employee work environment.Its best in satisfying both employee and user concerns.

• It's always encourages the skilled and outstanding employees with good incentives for their contribution towards the organization.

• Even employees are showing interest to work with amazon because of its pay structure and incentives that are providing by Amazon.

• Skilled and intelligent employees are surrounded at work place where its like sharing the knowledge towards each is also helps the employees.

• Trainings and other activities in Amazon helps them to grow carrier and at the same time the can manage their work life balance.

• Even employees have an option to work from home really helps the women employees in all the ways.even at the workplace the friendly and healthy environment made employees stress free environment to achieve organizational goals and employees are benefited with good incentives for their exceptional performance.

• The healthy competition also helps them to get competitive benefits and compensation.

• Amazon best in collecting the feedback from its employees and customers about the products and services to made necessary changes for best outputs.

FINANCIAL AND NONFINANCIAL BENEFITS OF AMAZON:

• The company benefits is an outcome of an action that contributes towards reaching its goals and objectives.

• Based on the financial structure of an organization and its behaviour investors show interest towards an organization.

• organizational benefits are considered in all the ways like its sales,income market objective,customer and employee objective

• The financial and Non financial terms are measured in different ways in the organization.

• The financial benefits are cost savings,sales,revenue and profits

• Where as a Non financial is very tough to measure that is in terms of performance,customer satisfaction and survey.

• Amazon being the best organization in ecommerce industry also cares about its employees to provide benefits through financial and non financial.

• There are so many benefits that provides the company to its employees are like insurance,vision coverage and savings plan.

• Amazon really best in providing benefits to its employees in different ways.Its incentives system and medical care about employee and his/her family.

• Medical allowance for pregnancy employees and pay benefits during their pregnancy is also an added advantage for female employees

• Amazon helps its employees towards planning their financial system by giving various financial tips for their child education and plans for saving

• Also helps eligible employees by providing financial support to the employees who wants to study further.

• When it comes to non financial benefits like incentives and other perks to employees

• Non financial benefits are different compared with financial benefits which are not included in their pay structure paid separately.

• It's a types of rewards that paid to the employee to encourage and help financially to grow along with the organization.