Supporting Good Practice in Performance and Reward Management

2181 WordsMay 2, 20139 Pages
Supporting Good Practice in Performance and Reward Management 3PRM Activity 1 Performance management Performance Management is both a strategic (about broad issues and long-term goals) and an integrated (linking various aspects of the business, people management, individuals and teams) approach to delivering successful results in organisations by improving the performance and developing the capabilities of teams and individuals. Two main purposes of performance management are; * To help the employees in identifying the knowledge and skills required for performing the job efficiently as this would drive their focus towards performing the right task in the right way, which in turn helps work towards the business objectives as their…show more content…
There are many motivational theories here I will explain two of them. Herzberg’s two factor theory of motivation at the workplace shows the difference between two factors of motivation. The two factors being satisfiers, which are the main causes for job satisfaction (motivation), from hygiene factors which are the main causes for job dissatisfaction (demotivation to stay in the job). Examples of motivating factors are achievement, recognition, responsibility and the work itself. Hygiene factors include: working conditions, salary, relationship with colleagues, supervision, etc. An organisation needs to influence satisfiers through performance management using range of tools such as: job descriptions, supervision, performance appraisals, continuous development/training, rewards and career development. Maslow’s theory of motivation is called the “hierarchy of needs”. Maslow believes that people have five main needs in the following order of importance; 1. Physiological – the need to eat, drink, sleep, reproduce. 2. Safety - the need for shelter and to feel secure. 3. Love/Belonging – the need to feel part of a group and to be accepted. 4. Esteem – the need to feel good about themselves and the need to be recognised for achievements. 5. Self-actualisation – the need for personal fulfilment and the need to grow and develop. Maslow 's hierarchic theory is represented as a pyramid, with the lower levels representing the more fundamental needs, and
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