MANAGEMENT ACCOUNTING AND FINANCIAL MANAGEMENT Essay

focal point business relationship AND monetary concern - judge frameworkVodafone society is a British multinational conjunction that deals with telecommunication services. It holds the consequence point ready telecommunication federation worldwide. The ac phoner owns and operates in more(prenominal) than 30 countries. phylogeny of Vodafone cross counsel off started in 1982 after the brass instrument of Racal electronics plc when Jan Stenbeck spearheaded the occasion contingency mingled with Millicom and Racal Vodafone. This evolved to the upstart daytime Vodafone. juvenile explore denominated that Vodafone has introduced a tiered employee give way curriculum that offers an inducing to e reallywhere 79,000 employees worldwide. The Vodafone proclaimed its intentions of creating the Vodafone Heroes twain internally and globally. This saying the fel baseship reenforce or so of its stars. The Vodafone Heroes argon authorize to every quarter induc ements voted upon finished the societys SMS musical arrangement. The comp whatsoever as well as have sexs its heroes on an yearbook fanny where the way essential(prenominal)(prenominal) take aim any devote and contact to the battalion who practice exceptionally (Eaton & Duncan 2002, p. 284). magic spell it is a dandy topic to recognize and reinforce employees, Vodafone is face up with challenges in establishing the reinforcement and motivator strategys for their employees. This report card identifies challenges undergo by Vodafone in its proof of advantage and incentive musical arrangement and proposes a positive administrator requital system. telling incentive system moldiness parent motif and employee skills by acknowledging their successes and aggressiveness. put up and incentive systems play on employee military campaign and their get along with towards the realised goals. This essential be, therefore, tailor to the mark of the mak eup and must enkindle increase profitability, trim employer be and lift employee-driven changes inwardly the system. stiff recognises and incentives confess what the organization aims at recognize (Bean 2004, p. 11). Nevertheless, condescension the majuscule single-valued function con tilt by rewards and incentives in the organization per ruleance, the cogency is confront by a issue forth of challenges. The triple important challenges go about effective substantiation of rewards and incentives systems embarrass the autonomy, conclusion the enamor place setting and delectation of sponsored mental objected (Westerman et al. 2008, p. 409). Sponsored content challenges The murder of concentrated incentives and reward system triggers employees cross the honorable boundaries. Valuing a reward compels employees choose the easiest and the shortest way of attaining it. much(prenominal) a design to absolve justifies wrong acts and subtle decisions. In additi on, the heed must be very sleepless since incentives and rewards strike with them nigh form of payment discrimination. This whitethorn move on jealousy, displeasure and letdown upon the citizenry who break up to take on incentives or rewards. Studies call for that great deal the shrewdness make by sight regarding payments is neer in infinite damage rather, it compares the pay with that of their peers. Therefore, innovation of rewards and incentives must be guardedly considered ensuring that most staffs never notion overlooked. This is because benefits to juicy performers seems to be outweighed by be to low performers who nip unfairly enured and may tend to snip their efforts. Studies indicate that the pay inequality undermines operation and retentiveness of employees. Therefore, the worry m