Managing and Reward Performance - Presentation

ASSESSMENT 1: PRESENTATION
Managing and rewarding performance

INTRODUCTION
• An efficient management of reward
system can bring a beneficial effect
upon the performance in several
ways (Pratheepkanth 2011)
• High employee performance
• Employee motivation towards the
work
• Increase in organizational
productivity
• Brand value improvement

MAJOR ELEMENTS IN
PERFORMANCE MANAGEMENT
• Today businesses are showing a greater level of involvement and commitment towards
reinforcement of reward practices that are aligned with other HR practices and goals of the
business for attracting, retaining and motivating employees
• Effective performance management performance goals and objectives
• Instilling a sense of ownership among the employees (Cuevas‐Rodríguez 2012)
• Efficient reward practices helps in attracting result driven professionals who thrives and
succeeds in performance based on environment