Understanding of Performance Management and Reward

Understanding of performance
management and reward

 INTRODUCTION 3
 Factors, information and component that impact performance management
system 3
 Factors need to be consider to manage performance of team and individual
4
 Key type of appraisal used in performance management 4
 Key component required to attain effective total reward system 4
 Relationship between performance and rewards, and link it with motivation
5
 Reason for treating employees fairly in relation to pay 5
 CONCLUSION 6
Table of Contents

The performance management and
rewards is key that offer base to an
organisation or firm to turn and
transform their human capital as
strategic business benefits. It also
offer a tool to company to not only
retain skilled workforce but also
keep them motivated and
encouraged to perform with their
best abilities.
INTRODUCTION

Purpose
 Provide meaningful and ongoing feedback
 Encourage teamwork
 Reward employee performance
Factors, information and component
that impact performance management
system