Remuneration and Performance Management - Case Study of O’Meara Electronics

Running head: REMUNERATION AND PERFORMANCE MANAGEMENT
REMUNERATION AND PERFORMANCE MANAGEMENT
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1REMUNERATION AND PERFORMANCE MANAGEMENT
Executive summary
This paper is a case study about the company, O’Meara Electronics that has been facing issues
because of the lack of effective remuneration and performance strategies that has resulted in the
decline in sales and also market share. This paper provides the issues that has been identified and
also provides recommendations that will help the company in getting back the positive position
they had in the market and also help in the overall development of the organisation as well as the
employees.

2REMUNERATION AND PERFORMANCE MANAGEMENT
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
Brief overview of the case study.................................................................................................3
Diagnosis of the performance management systems in O’Meara Electronics Company............4
Suitable performance management strategies.............................................................................7
Conclusion.......................................................................................................................................8

3REMUNERATION AND PERFORMANCE MANAGEMENT
Introduction
Remuneration and performance management is one of the important aspects of an
organisation which helps in motivating employees to provide fruitful production for the benefits
of the organisations as well as the employees. Performance management is considered to the
process which helps in ensuring the outputs and the set of activities of the employees meet the
goals of an organisation in an efficient and effective manner (Cappelli and Tavis 2016).
Performance management usually focuses on the performance of the organisation, the process
and the employees. On the other hand, remunerations mean the salary of an employee which is
provided by the organisation in exchange of their work for the organisation. Remuneration
management is managing the salaries and the rewards of an employee based on the performance
of the employee (Lišková and Tomšík 2013). Remuneration management is highly important as
it is one of the main aspects that help in motivating employees and help in facilitating positive
and fruitful work in an organisation. This paper is going to focus on the case study about the
organisation, O’Meara Electronics Company and provide the current issues in terms of
remuneration and performance management in the organisation and will provide suitable
recommendation that will help the organisation or the company overcome the existing issues and
thrives positively and successfully in the market.
Discussion
Brief overview of the case study
O’ Meara Electronics Company is an Australian based company that has been operating
in the country for the past 20 years and has acquired a good market share in the electronic sector