Performance Management And Reward System Essay Example | Topics and Well Written Essays - 2500 words

Performance Management And Reward System - Essay Example A lot of organisation managers neglect these important performance management functions since they are terribly time overwhelming and need some competent skills. However, that should not be a barrier. There are lots nice; reasonable performance management applications offered that automates the full method, and even offer tools that help to create it and make it easier to align goals, write feedback and select development activities. Grouping package is one amongst the leading suppliers; however there are many others as well.Reward systems will and sometimes do have associate influence on the effectiveness of structure modification efforts. Once the impact of a modification program on the reward system is not taken into consideration, the reward system will become a crucial impediment to people accepting the modification. On the opposite hand, once the reward system is taken into account and made a part of the modification strategy, it will create a positive contribution to a modific ation effort. It is exactly due to the general nature of organizations that nearly any modification effort has implications for the reward system.The capability of the employees is improved through motivation and rewarding hard work. For an organisation to retain motivated workers and achieve high performance there should be development programs which has motivational reward strategies and challenging work. This will enhance career development and progressive job satisfaction.