Performance measurement and reward system, HR Management

Assignment Help:

Performance measurement is concerned with measuring individuals effectiveness in their roles understanding their aspirations and determining which development actions would be the most appropriate. Reward management is about understanding individuals motivating factors, and determining the level of pay, bonus and other rewards they receive. In some organizations the links between the two are strong and explicit, while in others they are kept deliberately separate. Work in these areas can be prompted by an evidence of employee dissatisfaction such as high turnover or poor morale, or by the desire to drive a change in some aspect of employee's behaviour. Work in these areas usually includes:

1. Understandings the overall objectives and structure of the organization, and the factors that have prompted the review of the performance and reward.

2. Understanding how the current performance and reward management systems work how they are perceived and what effect they are having.

3. Agreeing what behaviours and capabilities should be rewarded and what reward elements and approaches should be used for which employees.

4. Defining and agreeing new systems any effect on roles and responsibilities and the implementation timing and approach.

5. Implementation including communication and training and any necessary changes to business processes and information systems.


Related Discussions:- Performance measurement and reward system

Types of incentive schemes, Types of incentive schemes: incentive schemes ...

Types of incentive schemes: incentive schemes are many and varied. The international labour organization (ILO) classifies all the schemes of payment by the result into four catego

What are the merits of case discussion method, Q. What are the Merits of ca...

Q. What are the Merits of case discussion method? 1 it problems analytical thinking and develops a person problem solving. 2 it encourages open mildness' and serves as a mea

Impact insurance and safety laws?, I answered "no" to both questions, as di...

I answered "no" to both questions, as did the majority of the class. It was my initial reaction to the question and that an employee couldn't be burdened with a purchase like that.

Why is training important in organizations, Question 1: (a) How does Jo...

Question 1: (a) How does Job Analysis affect the Recruitment and Selection Process? (b) What is the importance of conducting a timely and well-planned Induction? Question

Show fringe benefits, Q. Show Fringe benefits? Meaning & definition: Fr...

Q. Show Fringe benefits? Meaning & definition: Fringe benefits refer to various extra benefits provided to employees in addition to a compensation paid in the form of wage / sa

Discuss the collaborative dimension of kr function, Discuss the collaborati...

Discuss the collaborative dimension of KR function. The collaborative dimension of KR helps to place a value on the KP. It is done through domain experts, collaborative filters

Show methods or techniques of requirements, Q. Show Methods or techniques o...

Q. Show Methods or techniques of requirements? Methods or techniques of requirements: the following are the most commonly used to recruitment people: Promotions and transfer

Human resources management, Explain how the role of the Human Resources fun...

Explain how the role of the Human Resources function (HR) has changed from the past when the following were held to be true. i) "HR deals with the soft side of a business and th

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

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

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