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

Illustrate downward communication, Question 1 (a) Describe the process ...

Question 1 (a) Describe the process of mass communication with reference to the circular model of Osgood and Schramm. (b) Show the barriers of communication and suggest how

Characteristics of a professional work culture, Question 1: (a) Describ...

Question 1: (a) Describe the term ‘culture'. (b) What are the characteristics of a professional work culture? (c) What are the different steps to be followed in a cross

Sound reward system, HR management depends on sound reward sustem explain

HR management depends on sound reward sustem explain

Implementation of performance-related-pay, Question 1: "The Point-Ratin...

Question 1: "The Point-Rating system is the most appropriate method of Job Evaluation". Discuss. Question 2: (a) Explain "Performance-Related-Pay" and what are its adv

Show merits of the group incentive schemes, Q. Show Merits of the group inc...

Q. Show Merits of the group incentive schemes? Merits of the group incentive schemes: 1. It creates a collective interest in the work. 2. High output and economical produ

Show the importance of hrp in an organisation, Question 1: (a) Define a...

Question 1: (a) Define and explain the term "training". (b) Critically assess the following training techniques (i) Simulation (ii) Vestibule training Question 2:

Desired evaluation outcomes, What actions can you take to? increase t...

What actions can you take to? increase the level of engagement and commitment of the team members? enhance the benefits and make more explicit the unwritten or unspoken as

Role of surveys, Role of Surveys: A survey aims to obtain standardised...

Role of Surveys: A survey aims to obtain standardised, quantifiable information from (or sometimes about) a defined group of people, known as a "population". A census is an ex

Es for, what are entities for HR Management

what are entities for HR Management

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