Benefits of High Performance Working Practices

This presentation discusses the benefits of high performance working practices in organizations. It highlights the importance of employee involvement, commitment, and rewards in fostering loyalty and security. It also explores how HPW practices contribute to trust, partnership, and improved productivity.

Developing individual teams
and organizations

P5) Benefits of HPW practices
 High performance working system is the process or practice of business unit that pays close
attention on employee involvement and show commitment of workers towards their work. If
employees are committed that reflects that they are loyal towards the firm and company gives them
high rewards for their efforts.
 Ensuring security of workers, involving them in decisions, giving hem training, reducing their
status barriers and sharing information timely are the essential component of business unit. HPW is
beneficial for High Town Housing as it helps in providing security of employees as compared to
the competitors as they are not providing it to their employees who work for part-time or are with
them in a contract.
 High Town Housing creates trust and partnership with their employees which is long termed, they
believe in commitment and extra role and extra mile behavior by employees and it is only possible
by the long term partnership scheme with their employee

CONT..
 High performance working practices are helpful in involving the right person in business unit.
Management recruit candidates after evaluating their skills. People those who have required
knowledge and capabilities get hired in the firm which supports in minimizing workplace mistakes
because person is able to perform the task in effective manner.
 Hightown company has developed HPW practices and culture in which employees are
communicated the goal of business unit. They are being involved by their seniors in decision
making process, this practice gives benefit to the firm in improving trust and loyalty of workers.
 By this way they work hard to meet the organizational goal. Company has created collaborative
culture where people work together and support each other. By this way firm becomes able to
manage workload in effective manner. This is beneficial for the Hightown in raising productivity
of business unit to great extent

CONT..
 Hightown is providing result based compensation to its workers, people are getting attractive pay
and incentives which encourage them they work hard to raise revenues of the firm.
 This fulfill their basic needs and they become committed towards the business unit. Company is
providing training to its workers in order to raise their performance level. By this way individual
become able to understand job role in significant manner and become able to improve their
working efficiency. This minimizes mistakes hence operational cost of Hightown get down.
 This is the best way to engage people and develop their confidence. Hightown managers share key
information to all level of employees timely. This enhances their knowledge and they start working
as per the guidelines of the seniors.

P6.Evaluate different approaches to performance
management
 High performance working refers to the resources used by the organization which relates to the
organization strategy. Superiors set the goals for all departments and develop a system for
measurement which progress towards the goals, and it is also known as strategic performance
management.
 High performance working is a system which promises to increase the efficiency of working which
increase the productivity of the employees and organization as well. High performance working
includes selective hiring of employees and training pay based of the performance level of the
employees.

CONT..
Collaborative Working-
 It is a situation when two or more organization merge in a partnership for a long term or join hands
with each other just for a specific project because of each other's resources and then go to their
own ways. High Town Housing have not collaborated with anyone not even with contract for a
short period of time.
 They are the sole proprietors they believe that working solely increases efficiency as different
people have different mindsets. Collaborative working making the working environment very
friendly which makes the association work smoother and efficiently.

CONT..
Management by Objectives-
 When the objective is clear and is approved by the employees and the management of the
association is known as management of objectives. The employees have a say in the decision
making and this motivated them to do things.
 By this model of strategic management aims to improve the performance by putting in different
planning which is being accepted by both.
 The importance of this is that when the management and the employees work together then the
association works even more efficiently. This model is of strategic management which helps High
Town Housing to improve their performance.

REFERENCES
Books and journals
 Gardner, M., 2017. Developing cross-disciplinary education by facilitating
collaboration within and between diverse teams. Educational Developments. 18(2).
pp.14-17.
 Mason, B., 2018. Handing over: Developing consistency across shifts in residential and
health settings. Routledge.

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