Essential of People Practice: Performance Management, Total Rewards System, and Fair Pay

Essential of People practice

TABLE OF CONTENTS
• TASK 5
• Purpose of performance management and components that influence performance management system.
• The factor that consider when managing performance for team and individuals
• Key types of appraisal used in performance management
• The key components that are required to achieve total rewards system.
• Relationship between rewards and performance
• Two reasons for treating employees fairly in relation to pay

Purpose of performance management and components
that influence performance management system.
• The main purpose of
performance management is to
enhance individual capabilities
so that company is able to
delivered range of services to
maximum customers in limited
time frame.