Response Post
In response to Thaarani Ratnarajah’s post on managerial strategies and reward systems, I like the fact that you chose TD Bank since you have worked there before as a customer experience associate. Concerning your comments on the managerial strategy, I agree that the managerial approach at TD bank is the high-involvement strategy. In that, at TD banks, the managers are extremely involved in helping plan and set goals for the employees’ growth within and outside the organization. And this justifies the productive performance of the bank. Also, I cannot agree further because your manager of customer service is continuously involved with and provides adequate feedback. You said that TD bank offers rewards such as bonuses twice a year, vacation pay, holiday pay, sick days, benefits, and employee ownership plans. And I concur with your statements because the high involvement strategy at TD bank affects the reward system; for instance, there is one manager of customer service who everyone reports regarding any concerns or issues. What is more, the manager usually prioritizes organizational performance at all times. Also, when it’s time to receive our bonuses, your manger gets to pick how much money is allocated to each employee based on their overall performance. In the long run, compensation is relative to production, which fosters hard work amongst the other employees. For the most part, I agree with your discussion post, and the high-involvement management strategy is excellent. Through the process, managers can work and are also highly involved in setting and helping achieving goals. At TD bank, this strategy tends to work for the employees and the managers.