Managing Performance and Reward: Development Plan and Record
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This report discusses the development plan and record for managing performance and reward in an organization. It covers the key skills such as communication, leadership, teamwork, and problem-solving. The report emphasizes the importance of creating a continuous professional development plan and record to achieve desired results.
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MANAGING PERFORMANCE AND REWARD
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 CONTINOUS PROFESSIONAL DEVELOPMENT PLAN......................................................3 DEVELOPMENT RECORD.......................................................................................................5 LEARNING REVEIW.................................................................................................................7 Learning review...........................................................................................................................8 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................10
INTRODUCTION Managing the reward and performance of the organization can be considered to be the factor which influence the ways in which the performance of the employees can bring growth to the organization. In this report a development plan has been created for understanding the key practices which are helpful for the business in the management of the organizational operations. In this report development review has been provided for understand the ways in which provides the growth that is essential. CONTINOUS PROFESSIONAL DEVELOPMENT PLAN Learned SkillsActivityfor achievement Resources Required Criteria of SuccessTarget dates Communication skills Iwanttodevelop strong communicationsuch thatIcan communicatewith theemployeesfor focusing on the areas of their development withotherareasof HR practice. In order toachievethisI would need to listen morecarefully, understandthebody languageforbetter Readingmaterial isessentialfor developing communication. Individualswith whom communication can be made such asfriends, collegesand peers. Beingableto communicatewith easeand effectiveness can be considered to be the successof communication. Itwilltake morethan 10weeks therefore, 6/6/22
communication. LeadershipLeadershipwillbe helpfulformeto promotethe performanceculture intheorganization and is considered to bethefactorwhich influences the reward decision-makingand drivingsustainability in the organizational performance.For being a good leader I wouldneedto practicediscipline, takeonmore challengesandalso developsituational awareness. Forbetter leadership trustingthe advisors are very essential, learning fromthefailure experiencesand consultingteam forbetter decision-making. Beingableto achievethedesired resultsasanHR professionalrelated totheemployee culture. Thismight require1-2 monthof practice and experience. 15/4/22 TeamworkTeamworkis considered to be the option which helps in the promotion of the performanceculture withthehelpof collaborative practices.Teamwork willalsohelpin betterdecision- Rightamountof personal, facilities/space, coordination from employeesand teammembers alongwiththe right education is veryimportant (Kooandet.al., Teamworkwillbe consideredtobe effective if it will be abletoreachthe aims and objectives which were planned. Beingableto develop collaborationwill helpgrowththe Thiswill need at least 6 months, 22/9/22
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making and improve thesustainabilityof theorganization. Collaborationand groupexercisewill beveryeffectivein the growth teamwork skills. 2020.).teamworkofthis organization. Problem-solving skills Problem-solving skills will be helpful formetomake decisionsforthe organizationinthe deliveringof sustainable performance.The developmentofthis skillwouldrequire properattentionand activelisteningto other individuals. Studying resources such as webresources, books,articles, blogs,statistics and news reports will help in better decision-making andproblem- solving. Being able to make therightdecision- makingtomitigate theHRMrelated risksinthe organization. Itcanbe developed withinan year. 10/10/22 DEVELOPMENT RECORD KEY DATES 6/6/22-Oneofthekeydateswhichwillbetakenintoaccountforthepersonal development of the HRM practices will consist of 6/6/22. This is when I will be able to complete my communication lectures which will allow me to influence the learning practices of HRM. Communication is the skills which is very important for the HR practices. 15/4/22-This will be the day till which I will be able to achieve leadership in my operations which can be considered to be the key factor towards making the right decisions for achieving the aims and objectives (Madhani, 2020).
22/9/22-As per the continuous development plan I will be able to develop my teamwork in my HR practices. This can also be seen as the factor which is the key towards influencing the growth of the learning objectives. 10/10/22-Till this date which is the furthest in the future it will be the data when I will be able to improve my problem-solving skills which will lead towards me taking better decisions related to the growth of the organization. What did I do? I was focusing on the development of mycommunicationas for an HR professional communication has been recognized as the most important skills. For the development of my communication I will utilize reading materials such a newspapers magazines and also books and articles to increase my vocabulary. This will allow me to stay in touch with the knowledge and experiences which helps in the human resources management in the organizational. For the development of theleadershipI was able to identify the key aspects of the learning practices which influenced my growth. For the development of my leadership I started practising leadership situation with new projects related to the management of employees. I started building up on my failures in order to understand the key aspect of the operations (Avrămescu, 2020.). For the development of myteamworkskill is focused on gathering the information related to the teams which brought me success in relation to the organizational growth. Management of the teamwork can be done with the growth human resource management practices with the help of the strategies relations. Last but not the least one of the most essential skill of human resource management practices which isproblem solvingwas improved by me through reading materials and also management of the organizational operations. WHY? The reason for the growth of these skills was that these skills are very important to be developed in order to understand the key factors which are needed to be considered for understanding the performance and reward in the organization. Therefore, it can be considered that due to the growth in the sustainability of framework the reward and the focus on coordination with the other areas of the HR practice of the business organization is helpful for the variety of settings. This was helpful for me to understand the effectiveness of the rewarding the employees which worked hard through the analysation of their performance. For this I needed all these skills which I have developed through my CDP (Fatima, Junchao and Khan,
2020). These skills have to help me in developing the sustainability of the organizational performance which dives the reward culture in the organization. What did I learn from this? I was able to learn how to communicate effectively with other in my HRM practices. Which allowed me to understand the key factors in the employees related to their performance and rewards management.I was able to learn the use of certain sustainability frameworks which were the key towards understanding rewards and performance required for specific employees in the organization.The role of line managers was also understood by me for promoting the actual performance culture for better decision-making and driving the sustainableorganizational performance (Ahmad and et.al.,2019). I was also able to learn the role of a leader specially as a line manager towards the promotion of the performance culture in an organization. In such practices I was able to focus on the areas which I needed to develop for influencing the behaviour of my followers. I will use this as follows The skills that I have developed related to the problem-solving skills will help me find solutions in the most critical situations. For me focusing on the operations related to the actions of a line manager that will have the role of recognizing the rewards related to the performance of the individuals will be effective HRM practices. The teamwork skill that I will develop during this module will be related to the ways in which will be able to work with a team towards deciding the outcomes related the performance management. Through leadership, I will be able to promote in the organization the performance culture that will help in success of the HRM practices. LEARNING REVEIW I was able to know that I have learned the following skills because of the impactsI was able to make in my operations through practising communication, leadership, teamwork and problem-solving skills.The strategic frameworks of performance and rewards which I learned was the establishment of goals of the company which was the management of the co-owners that helped me to achieve the business itself (Mabaso and Dlamini, 2018). Discussion I had with the employees of the company in which they provided their feedback was the areas in which I was able to reflect on whether or not they were able to achieve their goal. Individuals which were able to achieve certain personal growth can also be considered to be the factor which influences
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the contribution of the goals in the firm for increasing the performance of the organization. The establishment of the goals is also considered to be the specific, measurable, attainable, relevant and time bound for examples of staying to increase the sales (Five Factors in Rewarding EmployeePerformance,2021).Themeasurementoftheemployeeperformancecanbe considered to be the regulation of the basis of information that required for meeting the goals. Thefactorswhichaffectstherewardsandperformancemanagementprocessare communication, benchmarking, consider non-financial rewards which helps in the management of theHRoperations. This can also be considered to be the key towards the development of the organizational growth. Feedbacks from the employees is also a very key aspect that helps the businessin improving performance. The consideration of the non-financial rewards can be considered to be the factor that impacts the offering of non-traditional solutions that are helpful for flexibility of the work-week to value the employee's performance. Depending on the performance the employees provide in the organization. The factors which hindered the process of the learning was the lack of time. The limited time that I was able to provide to the different learning modules were the reason I was held back in my performance. Learning review My approach towards these learning module was of communication. This approach allowed me to increase my knowledge and experience with the help of communicating with others orally, in written and also by reading the books and articles. This approach has been able to provide me the growth that was essential for the learning and development. Communication has been discussed as the best approach of learning the performance and management because of the improvement of the employee satisfaction for showing employee appreciation for the effective communication skills. This is helpful for the compensation of the basis of the expectation for the raising the performance. It can be said that the communication is helpful for analysing the value of the organizational operations and understanding the increase of financial pressure for keeping the workers in the look for alleviation of their problems. From this approach it can be concluded that the communication allows the learner to effectively understand key concept of the employee performance and rewards. The presentation of the learning that was provided to us was very effective as it helped the individuals in the management of the organizational growth (Shafagatova and Van Looy, 2021). The focus of the management can be considered to be the strategy that is effective when it
is managed by the learner. This presentation of the learning was very properly structured and the approach of communication which was used was very effective and influential in providing the results that are required. Next time I would like to manage my time with more preciseness in order to understand the key aspects which were related to the learning experiences and growth. The action which were taken under consideration for being able to have better results can be considered to be the factors such as the learning practices which can influence the growth of the organization. CONCLUSION From the above report the factors such as the development plan and development record has been able to provide an overview of the key strategies that are needed to be introduced for the effective strategy of the organization. This report has been able to develop the key skills such ascommunication, teamwork, leadership and problem-solving.
REFERENCES Books and Journals Ahmad, I., and et.al.,2019. A comparative study of banking industry based on appraisal system, rewards and employee performance.SEISENSE Journal of Management. 2(1). pp.1-11. Avrămescu, G.I., 2020. Research on Rewarding and Impact of Rewards on Performance. ANNALS ECONOMIC SCIENCES SERIES Volume XX Issue2. p.587. Fatima, U., Junchao, Z. and Khan, D., 2020. Role of University Principals' Leadership Strategies on Teachers' and Management Performance: Mediating Role of Support and Rewards in Australia and Pakistan.Higher Education Studies. 10(2). pp.145-163. Koo, B., and et.al., 2020. Relationships among emotional and material rewards, job satisfaction, burnout, affective commitment, job performance, and turnover intention in the hotel industry.Journal of Quality Assurance in Hospitality & Tourism. 21(4). pp.371-401. Mabaso,C.M.andDlamini,B.I.,2018.Totalrewardsanditseffectsonorganisational commitmentinhighereducationinstitutions.SAJournalofHumanResource Management. 16(1). pp.1-8. Madhani,P.M.,2020.Effectiverewardsandrecognitionstrategy:Enhancingemployee engagement, customer retention and company performance.The Journal of Total Rewards. 29(2). pp.39-48. Shafagatova,A. and Van Looy, A., 2021. A conceptualframeworkfor process‐oriented employee appraisals and rewards.Knowledge and Process Management. 28(1). pp.90- 104. Online FiveFactorsinRewardingEmployeePerformance,2021[Online].Availablethrough: <https://hiring.monster.com/resources/workforce-management/employee-performance/ reward-employee-performance/>