Mppm

In: Business and Management

Submitted By adishah
Words 1909
Pages 8
Organization choosen Baiduri
Baiduri Background
1.Introduction
1.1Report aim
The aims of the research were as follows:
•To critically evaluate an organization reward strategy and how its linked to managing individual and organizational performance.
•Describe the resistance that will be face if changes are implemented and suggest methods to overcome the resistance.
1.2Background of the organization
Baiduri Bank is one of Brunei largest Local bank. It started its operations in 1994. The bank shareholder includes Baiduri Holding, Royal Brunei Airlines, Royal Brunei Technical service and BNP Paribas. The Baiduri Bank Group consists of Baiduri Bank and Baiduri Finance. It is one of the largest Providers of Financial Products and services in Brunei Darussalam. The core business of the bank are services such as Institution or corporation, retail banking, Consumer financing and wealth management.
Baiduri Bank is first bank in Brunei to offer a wide choice of payment card such as American Express, Visa, Master Card and Union Pay. This is to meet customer need in different segment. The Baiduri Bank Group network consist of 12 bank branches, a finance arm of 2 branches and 28 ATM machine to ensure consumer can access to their service easily. The Bank also provides an internet banking service to provide consumer an extra convenience to meet their need such as making payment online. For the past few year the bank has won a lot of awards due to its services such as ‘Best Banking Group For Brunei’ in Brunei from 2009 to 2011 and ‘Company of the. decade 2001-2010’.
In the 2011 the total asset of the bank is measure to be BND 3.5 billion ranking it on the top place in the Brunei Banking Groups.

4.5 Reward

This is amongst the most used HRD methods used by an organization in order to motivate their employees to perform. By implementing a reward system employee…...

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