Table of Contents INTRODUCTION...........................................................................................................................3 Data required by Individuals that are involved within a performance and reward management process..............................................................................................................................................3 CONCLUSION................................................................................................................................3 REFERENCES................................................................................................................................4
INTRODUCTION Performance management is an activity of analysing and measuring the performance of an individual in Organisation. Reward management is a process through which employees are motivated to work hard so that they can give their productive result in achieving the goals and objective of Company. Data required by Individuals that are involved within a performance and reward management process The Data required by individuals that are involved within a performance management process are performance and potential ratings, skills and knowledge of staff, strength and weaknessofindividual,behaviouralandcompetencymeasurementorobjectivessetand achieved (Do and Mai, 2020). These are the data which is required by and individual within performance management process it is important for a manager to analyse these data and measure the performance of employees in order to maximise their efficiency. With the help of these data manager can provide ratings to workers on the basis of their performance and work. The data required by an individual that are involved within reward management process are base salary and bonus or commission earned. For reward management process it is important to know the base salary of the employees so that Company can pay the amount according to the structured salary (Emad, 2018). For conducting the performance and reward management process it is necessary to gather the data which is required in order to run the process efficiently and effectively. CONCLUSION From the above information it is being concluded that there are various data which is must required for conducting the performance and reward management process these data helps in increasing the morale and motivation level of employees.
REFERENCES Books and Journals Do, T. T. and Mai, N. K., 2020. High-performance organization: a literature review.Journal of Strategy and Management. Emad, G. R., 2018. Reward management and performance appraisal. InManaging Human Resources in the Shipping Industry(pp. 55-71). Routledge.