Performance management and remuneration, HR Management

Assignment Help:

In brief, teams are not very compatible with the traditional notion of supervisors conducting annual performance appraisals for individuals. This is because supervisors often have limited information about individuals working in self-managed teams. Also, some employees work in multiple teams. So when you need to assess the contributions that individuals make to a team, a 360-degree review system is worth considering. Remuneration is a communication device that sends a message to employees about where they should place their priorities for time and effort. Thus remuneration can be used to encourage teamwork. However, it is not easy to achieve the right mix. For example, profit-sharing schemes tell employees that the efforts of everyone in the organisation are recognised, but the organisation's profit level may be too far removed from an employee's control to influence his/her work performance. One-off recognition and spot rewards for teams that have performed above expectations are easy to implement. However, these are rewards after the event, so they do not provide a strong incentive to work more effectively. And some employees may feel that they won't be recognised for their individual contributions.

According to Gross (1995), the most effective forms of remuneration to motivate teamwork are team incentives received as variable pay on top of base pay. However, team incentives are the most difficult to design and implement equitably, and therefore many organisations resort to  recognition and spot reward. Gross recommends the following:

  • Plan for the future; the remuneration plan needs to be aligned with the organisation's strategy.
  • Goals should cover areas that team members can affect directly.
  • Balance the mix of individual and team-based pay.
  • Consult with the team members who will be affected.
  • Explain the criteria that will be used to determine payout. For example, will it be based on financial results or productivity? Note that financial results are more influenced by corporate-level decisions than team-level decisions.
  • Determine how goals are established and updated.

 


Related Discussions:- Performance management and remuneration

Sound reward system, effective HR Management depnds upon sound reward syste...

effective HR Management depnds upon sound reward system comment

Selecting the sources, Selecting the sources : Where, then, are you goi...

Selecting the sources : Where, then, are you going to get your information? And where do you start? The best place to start is from what you already know. Go back over books wi

What is communication of punishment, Q. What is Communication of punishment...

Q. What is Communication of punishment? Communication of punishment: after a decision is taken regarding punishment, it should be communicated, to the concerned work man as exp

Importance of body language in communication, Problem 1: a) What are t...

Problem 1: a) What are the essentials of good communication? Explain your answer with examples. b) What are the different kinds of listening? Describe the ten fundamental

Job analysis, Consider the job of a customer representative who fields tele...

Consider the job of a customer representative who fields telephone calls from customers of a retailer that sells online and through catalogs. What measures can an employer take to

Managing groups, Much of the work in organisations is completed through tea...

Much of the work in organisations is completed through teamwork: people working together to achieve something beyond the abilities of ndividuals working alone. As such, increased e

Chp 1, If Microsoft build a cloud computing business, happen company decide...

If Microsoft build a cloud computing business, happen company decide?

Personnel planning-introduction, Introduction the concept of HRD and u...

Introduction the concept of HRD and understood the value of human resources as an essential factor of growth and development in the management of any organisation. In this Uni

Describe the process of human resource planning, Question 1: Human Reso...

Question 1: Human Resource planning is vital for any organisation. Describe the process of Human Resource Planning? Question 2: (a) Differentiate between the following

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd