Nobody downloaded yet

Performance and Reward Management - Assignment Example

Comments (0) Cite this document
Summary
It is also required for a host of other reasons including workers compensation, the privileges and benefits they are entitled to, and their savings. Organizations also need to collect HR data in…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.2% of users find it useful
Performance and Reward Management
Read TextPreview

Extract of sample
"Performance and Reward Management"

Download file to see previous pages Organizations need HR data in order to make rational and informed decisions for adequate performance management. In order to make sure that hardworking employees are rewarded and disloyal and unproductive employees are penalized, it is imperative that HR data is collected and maintained. Such data includes but is not limited to employees’ attendance, their productivity in terms of goal achievement, their discipline and conduct, and their professional growth and skill development. Having detailed recorded information of all these aspects enables the managers to quantify the results and ensure that the resources are adequately utilized for the benefit of the organization.
Collecting data related to employees’ performance helps HR admin in rational decision making. Resources in an organization are limited. In order to achieve organizational goals, it is essential to assign these resources proportionately among the employees considering their needs and past performance. HR admin needs employees’ performance data during the performance appraisal process. This data helps HR admin reach the decisions of promoting certain employees and demoting others, offering increments to certain employees and decrements to others, and selecting employees to be sent as expatriates to other countries.
Data related to sick absences is needed by the HR admin not only for monitoring the productivity of employees but also to ensure the provision of adequate medical care to the employees. An employee with a lot of sick absences clearly displays signs of poor productivity and wastage of time and resources. Besides, the organization might incur significant costs in paying the increased insurance premiums for such employees. It is the responsibility of the HR admin to watch out for employees who are using organizational resources for personal gains and report them to the top management.
Electronic record storage, as the name implies, is the storage of information in a ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Performance and Reward Management Assignment Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/human-resources/1666101-performance-and-reward-management
(Performance and Reward Management Assignment Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/human-resources/1666101-performance-and-reward-management.
“Performance and Reward Management Assignment Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/human-resources/1666101-performance-and-reward-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Performance and reward management
...?Performance and Reward Management The changing business environment of the current times has meant that the organizations have evolved over time. This has also been implicated through the diverse sets of ways under which business domains have been bolstered with the impact of reward policies and practices that are there for the employees’ taking. One must remember the fact that an organization might go to any limits in order to make sure that the performance and reward management attributes are taken care of and hence the employees enjoy the perks that are given to them when they perform at par with their skills and abilities. What is required in this day and age is a vision to set things right and that too in the long run scheme... on the...
12 Pages(3000 words)Essay
Performance and Reward Management
...be many. At a first level, managers who design the reward policies are not always capable of understanding the actual needs of organization in terms of employee performance neither the actual potentials of the organization regarding the reward schemes suggested. As a result, when the particular reward practices are introduced, they are likely to be irrelevant with the organization’s needs or not feasible – because the resources required are not available (Armstrong et al. 2010, p.73). Another reason of the problematic relation between reward policies and practices is the following one: in most cases, HR practices are used as a tool for...
12 Pages(3000 words)Assignment
An identification of factors affecting performance and reward management during the time of recession (2008) at Nationwide Build
...it comes to dealing with employees. In particular, organizations used to consider employees as machines; however, there has been huge reduction in such practice and organizations have been putting efforts to ensure favorable circumstances and encouraging workplace environment to the employees (Dunleavy & Hood, pp. 9-16, 1994). In particular, performance and reward management is one of such aspects of human resource management that focuses primarily on ensuring effective performance and subsequently, efficient reward management of employees. In addition, experts (Office of Personal Management, 2001) have...
10 Pages(2500 words)Dissertation
Performance and reward management
...?Performance and Reward Management Table of Contents Introduction 3 Problems Associated With Reduction of Payroll Cost 4 Problematic Links between Reward Policies and Practices 8 Current and Emergence Practices With Regard To Reward 11 Conclusion 15 References 17 19 Bibliography 21 Introduction Organisations across the world need to adapt feasible strategies and utilise the opportunities available in the market to achieve the organisational goals. Human resource personnel must ensure that the reward system is properly aligned with the strategic goals of an organisation. According to Armstrong & Murlis, “Reward...
12 Pages(3000 words)Assignment
Performance and Reward Management
...Performance and Reward Management Introduction The business world is becoming a competitive place whereby, high quality employees with experience become one way of the differentiating factors between successful organizations and those that are not. Every worker’s effort counts for the success of any organization. Therefore, an organization must be able to fit in the organizational structure, understand the abilities of employers to perform the definition of roles between employees and what is expected of them to the business strategy. Employers must understand the individual contribution towards achieving the goals of the business. They should try to give roles to the...
15 Pages(3750 words)Essay
Performance & Reward Management
...PERFORMANCE AND REWARD MANAGEMENT The presentation was really good the combination of the information with the presentation was superb. The information was at a technical level that suited other students of the class and the way it was presented was an additional credit that goes to the presenters. Though the presentation was very good but it had certain drawbacks that I would like to discuss here in this paper plus the positives of the presentation would also be discussed. The combination of text with picture representations was also done quite effectively. The presentation's color scheme and the text size plus the amount of information put on one slide are some attributes that give the...
2 Pages(500 words)Case Study
Performance & Reward Management
...PERFORMANCE AND REWARD MANAGEMENT College INTRODUCTION Performance and Reward Management: An Overview Performance and Reward Management are considered to be of vital importance to every organization. Vince (2002c) provides an explicit definition with regard to these concepts. According to him, performance management is defined as a concept that is generally concerned in the measurement of individuals’ effectiveness in their roles within a certain organization. In the same manner, it is also concerned with these individuals’ understanding of their...
11 Pages(2750 words)Research Paper
Performance and reward management systems at Nestl Australia Ltd. (NAL)
...BHRM001 – Performance and Reward Management Jamie Gooding (6593259) Research Report – Performance and reward management systems at Nestlé Australia Ltd. (NAL) Executive Summary The performance and rewards management systems (P&RM) at Nestlé Australia Ltd. (NAL) were investigated via a combination of interviews, surveys, analysis of the company intranet and a review of relevant theory via perusal of appropriate texts and/or articles. The author thanks NAL management for unfettered access to their systems. Appreciation is also given to all NAL employees who completed the...
4 Pages(1000 words)Research Paper
Performance Management And Reward System
...Performance management and reward system Performance and reward system is a very important function in human resource management and the organisation as whole. This study looks at the importance of Performance Appraisal, Absence Management, and Total Reward Systems and their roles in human resource management and the organization as a whole, the essay critically discuss the integration of performance management and reward system with other functions of human resource management and the utilisation of...
10 Pages(2500 words)Essay
Performance and Reward Management
...First and Performance and Reward Management A of 2 purposes of performance management and their relationships to business objectives. a. Driving results Performance management is aimed to connect employees and management activities within certain organization to ensure mutual performance to be established in the proper manner, thus to meet the goals of the organization and bring certain profit to it. One of the purposes of performance management is to drive the results, which means that to improve business outcome by means of organizational goal alignment, measurement of the performance, coaching and information sharing. For organization, this purpose means the ability to drive certain achievement to ensure individual, group... the...
4 Pages(1000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Assignment on topic Performance and Reward Management for FREE!
Contact Us