Performance Management and Reward Systems at Scottrade Inc.

Abstract:

This was further complemented by the training programs which had an important role to play in the performance management and reward effort. A unique internship program at Scottrade was instrumental in meeting the manpower requirements necessitated by its growing at a rapid pace. Overall, the firm was able to build a strong culture of learning and talent creation in the organization.

Scottrade since its inception differentiated itself with low commissions and efficient customer service. It had become a special place to work and operated like one big family, with no history of layoffs. The firm, having made a mark for itself as a brokerage, was planning to move into banking services. It wanted to deploy its performance management and training systems for developing employees that could competently handle its banking operations as well.

Issues:

» Understand the issues and challenges is talent management - especially with regard to performance management and reward systems.
» Appreciate the linkage between performance management and training and development and reward systems.
» Explore ways in which the performance management and training program can be made more effective for meeting the future requirements of the firm.
» Explore people strategy that the company can adopt to make its foray into banking a successful one.

Contents:

Key Words:

Performance Management, Talent management, Reward Systems, Training and Development, Learning and Management System, Rewards and Recognition Program, Employee Assistance Program, Wellness Reimbursement Program, Workforce optimization, Workforce management, Quality Monitoring, Great place to work, Customer Loyalty Engagement Index, Employee performance, Customer service, Customer satisfaction, Customer loyalty, Learning, Internship program, Online brokerage

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