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3PRM - Supporting Good Practice in Performance and Reward Management

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Submitted By Jane1306
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3PRM - SUPPORTING GOOD PRACTICE IN PERFORMANCE AND REWARD MANAGEMENT

Activity 1

Explain at least 2 purposes of performance management and its relationship to business objectives.

The performance management process is a key component of an organisation overall approach to the management of its people. As part of the performance management system, performance management aims to achieve the following:

* To enable an individual to know exactly what is expected of them i.e. agreed objectives and appropriate behaviors. * To enable an individual to identify and meet personal development needs. * To enable the organisation to audit the capabilities of its staff.

The purpose of performance management is to ensure accomplishment of business objectives and to increase the strength of employees so you have a good work force. In order to accomplish the business objectives they have to be communicated from the management to the employees and then they can be measured, appraised, action planned and monitored.

Identify 3 components of performance management systems.

Appraisal
Personal development plan
Objective setting and review

Explain the relationship between motivation and performance management, referring to at least 2 motivational theories.

Motivation is what makes people think, act or behave in a particular way. The link between motivation and performance management is that if employees are highly motivated they will perform better and are likely to go the extra mile. Theories suggesting this are:

Maslow – Hierarchy of needs which is a pyramid of what makes us motivated. Maslow uses the terms physiological, safety, esteem and self actulisation to describe the pattern that human motivations generally move through.

The two-factor Hertzberg theory appears to parallel Maslow theory of a need of a hierarchy but is the first to show...

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