Investigating The Performance And Reward Management Issues Within The Organization Of Mercury Couriers
2387 Words10 Pages
The aim of the report was to investigate the performance and reward management issues within the organisation of Mercury Couriers. There are three methods which are briefly discussed in this report to identify the problems in the current performance and reward system. The report has concluded with strong recommendation of using SMART goals and traditional appraisal method in the organisation to provide more success within the organisation.
The main reason for this report is to exhibit an understanding of Performance management. These days, organisations take diverse ways to deal with competitive advantage. Thus, there are a mixed bag of definitions for Performance Management. Performance management is a vital issue. It is based upon the human side of administration, and focuses on representatives as essential resources inside their organizations. As indicated by Price "Performance management is aimed at recruiting capable, flexible and committed people, managing and rewarding their performance and developing key competencies" (2007: 31).
However, most organizations are run and steered by people. It is through individuals that objectives are situated and goals are caught on. The performance of an association is thus dependent upon the total performance of its individuals. The achievement of an organization will therefore rely on its capacity to gauge definitely the performance of its individuals and utilize it precisely to enhance them as an