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Performance Management and Reward Systems

The opinion behind this is that managers have a great impact in determining the staff's performance. A good relationship between a manager and the employees is paramount if a company is to harness tremendous performance hence attaining its objectives. The idea is that a manager may be brilliant but if he/ she has a terrible relationship with the employees then no matter the level of smartness the ultimate goals and objectives will not be attained (Aguinis, 2009). .
             Performance management is not all about performance appraisals since the desired and lasting behavior adjustments are not made. Performance management broadly involves performance planning, diagnosing the sources of the problems, frequent communication, good behavior reinforcement and creating a conducive working environment so that success and improvement can be realized (Aguinis, 2009). The diversity of thoughts and ideas is what makes organizations thrive hence a great career development network. A conducive environment where workers can succeed is created, and this is instrumental to employee retention. Performance appraisal is not enough if the desired performance is to be realized rather performance communication and planning should be undertaken. To attest to this fact is that the article stipulates that an understandable strategy and vision for the team is essential hence necessitating the importance of performance planning. The positive and regular communication with the employees is fundamental since teamwork has to be implemented if the organizational objective of maximizing profits is to be accomplished. The article shows this idea by explaining that the managers should have a solid relationship with their employees hence showing that there exist great communications between them (Avillion, 2007). .
             Research should be carried out in order to unravel the reason for employees' failures since the aftermath is awful since the organization will not be able to meet its desired objectives.


Essays Related to Performance Management and Reward Systems

1. Rewarding Employees - Increasing User Participation in KMS

This paper will therefore investigate: Which type of reward systems can most effectively stimulate user participation in knowledge management systems and which type of reward should the company offer its employees? ... Piece Work Employees are rewarded for the completed pieces of work, based solely on performance. ... In the area of knowledge management this reward system is often implemented as a pay-for-knowledge system. ... Group (team) incentive programs This type of system rewards group performance instead of individual performance. ... While it investigates the effect of reward syst...

  • Word Count: 1872
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2. Performance Appraisal Systems

There are a number of performance appraisal systems which various organizations utilize for various occupations. ... No matter what performance appraisal system is utilized for the rating, each offers both positive and negative aspects. ... Per the text Human Resource Management (2013), the authors' state some of the advantages and disadvantages of various performance evaluation techniques in Chapter 9, Exhibit 9-13 (p.275) as follows (marks of positive [+] and negative [-] have been added. ... In some organizations, the evaluations (otherwise referred to as "appraisals ") can be tied to...

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3. thoery

The goal of the HR system of Performance Management is to enhance employee actions in an attempt to achieve results that conform to the company's goals and visions. Upon studying Performance Management, I drew the conclusion that an effective manager will plan and implement an effective, efficient and comprehensive performance management system. ... Through my studies regarding performance Management and Cybernetic Theory, I have formulated and broadened my own theories and perceptions regarding the importance of feedback and constructive criticism as it relates to the success of the HR...

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4. Explain the impact that a performance management system can

In order to explain the impact that a performance management system can have on other areas of human resource management, it is necessary to define the relationship between a performance management system and human resource management. First, a performance management system is one area of human resource management. ... First, he says that performance management systems are to facilitate employee development. ... However, the compensation system must be based on the element of fairness and every employee in the category has an equal opportunity to receive the reward system. The third pu...

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5. Motivation, Job Satisfaction and Employee Performance

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6. Business Development - Microsoft Corporation

In other word, it is an attempt to reward the excellent and weed out the weak. ... There is a contradiction between forced ranking is a good practice and force ranking poisons the performance and appraisal system. There are a few advantages of force ranking system which help organization in smoothing performance appraisal system. ... (Abraham, et al., 2013) Forced ranking is able to bring disciplined rigor to the management process. ... Last but not the least, some people doubt that is force ranking system a good management or just a flawed and arbitrary system. ...

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7. Elements of Human Research Management

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8. Management by Objectives

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