Managing Talent to Achieve High Performance

Added on -2020-02-12

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MANAGING TALENT TOACHIEVE HIGHPERFORMANCE
Table of ContentsINTRODUCTION:..........................................................................................................................3TASK 1............................................................................................................................................31. Recognize the principles of Reward Management and its role in organisational functioning......................................................................................................................................................3TASK 2............................................................................................................................................42. Determine the legal issue relating to an equal pay claim........................................................4TASK 3............................................................................................................................................43. Evaluate the nature and validity of equal pay claims..............................................................4TASK 4............................................................................................................................................54. Critically evaluate the implications of effective process and bad judgement.........................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTION:There are many sources by using them company can achieve high performance but it isalso necessary to have some talent to achieve it. If people is only talented then it is not necessaryfor the company until he or she has some skills and abilities to achieve the mission of thecompany. Company has to manage their employees talent by motivate them and also if necessarythen provide them proper training (Tansley, 2011). It will help them to boost up theirperformance and company can earn maximum profits. If company woks with full talent andachieve high performance then it will help them to increase turnover, profits, sales, market value.TASK 11. Recognize the principles of Reward Management and its role in organisational functioning.Reward management means it helps to formulation of strategies of business and howcompany can implement it and also make sure that the policies of the company is fair andequitable. There are certain principle of reward management are mentioned as below:Create a positive and natural reward experience: Employer has to make sure that ifthere is any change in reward policy then they must communicate it to all the employees. Theyalso involve their employees in this process through that they can get there acceptance,commitment and understanding (Joyce and Slocum, 2012).Reward individual ongoing value with base pay: Employer can pay reward to theiremployees according to their base pay. It is also see that what are the skills and abilities in theemployee and how they use them to achieve the results. Role of Reward management: Employees can get motivated either monetary terms or non-monetary terms. There are certain roles of reward management which are mentioned as below-Managers or employers can provide there employees Incentives.Employers can motivate employeesEmployers also can give promotion to their employees if they do work well.

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