Performance related initiatives 2 Culture

Running head: PART-B: INDIVIDUAL REPORT
PART-B: INDIVIDUAL REPORT
Name of the Student
Name of the University
Author Note

PART-B: INDIVIDUAL REPORT1
Table of Contents
Introduction......................................................................................................................................2
Performance related initiatives........................................................................................................2
Culture related initiatives.................................................................................................................3
Engagement related initiatives.........................................................................................................3
Conclusion.......................................................................................................................................4
References........................................................................................................................................5

PART-B: INDIVIDUAL REPORT2
Introduction
The report is focused on understanding the people, culture and contemporary leadership
aspects that are prevalent in the contemporary corporate world. The report specifically focuses
on analysing the performance based, culture based and engagement based initiatives that are
taken by the organization, Afterpay Limited. The company was founded in 2015 in Australia. It
is a financial technology company. Afterpay provides users with the ability to pay interest free
fortnightly payments on a fortnightly basis. The operations of the company are based on the
effectiveness of the system that it provides to the customer. The analysis of the organization
would help to gain more effective understanding of performance based, culture based and
engagement based initiatives that can help organizations function efficiently. All the three
elements are very important determinants of organizational behaviour. They are also intrinsically
related to the concepts of leadership and management. The various factors that can be used to
enhance the productivity of organization concerning these vital areas are discussed.
Performance related initiatives
The company believes in the motto of buy now and pay later. In accordance with the
same the performance related initiatives are undertaken. The company wants to ensure that the
workforces are working in accordance with the quality standards that need to be maintained. This
is important for the long term development value of the organization. An important initiative is
the payment system without the traditional credit. This system is maintained by implementing an
incentive scheme for the employees. The employees that can engage with the customers to
provide sales equal to beyond certain figures. The workforces are constantly motivated to
perform at their best levels. One of the most important factors that are put to use is motivation.
Employee motivation can help to boost performances of the employees. It can be controlled by
various factors that are intrinsic or extrinsic to the work environment. The company does not
charge any interest on the payment that is made on a fortnightly basis. This is a factor that also
leads to better customer value and attracts more customers towards the service.
The incentive scheme can be utilized in tandem with effective forms of rewards and
recognition strategies. The organization can improve employee motivation through both
monetary and non-monetary forms of rewards and recognitions (Prieto et al. 2020). There are
various categories of rewards and recognition initiatives that are focused on motivating the
worker that work more efficiently. At the same time the transformational leadership system that
is implemented, focuses on improving the performance capabilities of the weaker employees. It
is important to consider that the rewards and recognition strategies can help to make the
employees more loyal to the organization. This is because they would tend to believe that their
hard work is recognized and appreciated by the organization. The company focuses on
improving employee performances by optimizing communication across all the levels of the
organization. An effective measure of the performance related initiatives that have been taken is
revenue. The organization has been able to generate a revenue of 261.6 AUD in the recent year
(Digital 2020). Customer count is also an effective measure of the performance benefit that the
company has received. The present customers of the organization number 4.6 million. The