Lufthansa-Its compensation and reward system to motivate employees

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Introduction

Lufthansa-Its compensation and reward system, The main reason for this assignment is to understand how Lufthansa uses its compensation and reward systems to motivate its employees and attain organisational goals and objectives. Lufthansa is known for its transportation companies, ranging from commercial to cargo airlines.

Even though Lufthansa is focused on the transportation industry, it has multiple subsidiaries in other companies; one of their main ones being Lufthansa Consulting. In the rewards section of this assignment certain non-financial and financial rewards will be covered, non-financial compensation will be things such as employee benefits and the financial section being bonuses. In the assignment, the corporate culture of Lufthansa will be examined in greater detail. Certain human resource management problems and solutions will be discussed, as well. By examining these aspects of the company, the assignment will conclude as to why Lufthansa is regarded as a successful worldwide company.
Discussion on Lufthansa-Its compensation and reward system
Being an employee at Lufthansa, one receives a variety of non-monetary benefits that keeps one satisfied and incentivized in the workplace. According to the company it takes care of all of its employees different working needs, whether an employee may want to excel actively in their career or may need more time with their family (cabincrew.com, 2011).

There are many training opportunities for the employees who wish to progress their career in the industry, as well as strategic partnerships with universities to do the same for potential future Lufthansa employees. There is a ‘Working & Living’ program within the company, which addresses the family life, health, profession, recreation and finances of employees. The company makes recommendations for ergonomically sensible work habits and health-oriented lifestyles (Lufthansa, 2012).

Apart from the periodic medical checkups of the staff there are various registered health centers in Germany available to employees for they physical and emotional well being. One of the preventative steps that Lufthansa takes is that safety experts and physicians specialized in industrial medicine are consulted about any technical equipment and installations at the workstations that employees use (Lufthansa, 2012). To further ensure safe working conditions, there are safety commissioners and employees trained in first aid, all of whom know the emergency procedure plan, present in all work areas..