This paper discusses the correlation between performance measures, reward systems and job satisfaction.
Research Paper # 98901 |
18,132 words (
approx. 72.5 pages ) |
70 sources |
MLA | 2007
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$ 194.95
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Abstract
In this study, the writer notes that performance measures have long been utilized in both the private and public sectors. The widespread use of performance measures exist because there are a plethora of benefits associated with such measures. In this study, the main foci are performance measurement, reward systems and job satisfaction. The research contained in this discussion is evidentiary of a definitive relationship between performance measurement and employee attitudes concerning job satisfaction. One can also conclude from this discussion that job satisfaction is directly associated with, motivation, expectancy, and reward systems. The writer points out that researchers have consistently found that people are motivated by both intrinsic and extrinsic values as it relates both to job satisfaction and performance in the workplace. Further, the writer notes that intrinsic motivation pertains to personal goals and objectives while extrinsic motivation is associated with both monetary and non-monetary rewards.
Table of Contents:
Introduction to the Literature Review
An Overview and Purpose
Organization of the Review, Scope, and Library Research Plan
Organization of the Review
Library Research Plan
Interest, Significance, and Rationale for the Critical Analysis
Review of the Literature
Introduction
Frameworks for Performance Measurement
Overview
Financial Performance Measures (DuPont Pyramid)
Performance Measurement Matrix
Strategic Measurement and Reporting Technique (SMART)
Macro Process Model of the Organization
The Balanced Scorecard
Individual Job Performance and Performance Measurement
Contextual Performance
Task Performance
Adaptive Performance
Conducting Ratings/Appraisals and the Ratings Formats Utilized
Graphic Rating Scales (GRS)
Behaviorally Anchored Ratings Scales (BARS)
Mixed Standard Scales (MSS)
Performance Distribution Assessment Method
Computerized Adaptive Rating Scales (CARS)
Rewards Related to Performance: Impact on Employees
Rewards for performance
Risks associated with Rewards for Performance Systems
Examples of Rewards for Performance Systems
Function of Monetary Rewards
Function of Non-monetary Rewards
Implications for Rewards for Performance Systems
Implementation of balanced Incentives
Cultivating a culture of Commitment to Improve Performance
Job Satisfaction
Discussion of the Literature
Summary and Interpretations
Theoretical Literature
Empirical Literature
Conclusions
Recommendations
Theoretical Reformulations
Empirical Studies
From the Paper
"In addition, after studying performance measurements within service industries Fitzgerald et al. developed a framework placing measures into two basic types. These measures include those that are correlated to results such as competitiveness and financial performance and those measures that concentrate on the determinants of those results such as flexibility, quality and resource utilization. The author points out that this structure is representative of the idea of causality, demonstrating that results acquired are a utility of past business performance correlated to particular determinants. In addition, this type of performance measurement structure is representative of the need to recognize the drivers of performance so that desired performance outcomes can be realized."
Tags:appraisals, motivation, evaluate, rating
Through use of example, discusses effective performance measures and management systems.
Business Plan # 28143 |
1,380 words (
approx. 5.5 pages ) |
5 sources |
APA | 2003
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$ 27.95
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Abstract
Uses the army as an example for developing and deploying effective performance measures and management systems in an organization. Included in the discussion is a set of methodologies and processes that assist organizations to effectively plan, measure, analyze, and optimize business performance.
Introduction
Establishing and Updating Performance Measures
Establishing Accountability for Performance
Gathering and Analyzing Performance Data
Reporting and Using Performance Information
Conclusion
References
From the Paper
"Developing and deploying an effective performance measurement and management system is the key to maintaining a high-performance organization (Gore 2). In fact, many executives today will say that business performance management is the next generation of business intelligence. It is about responding quickly to markets that were once more predictable."
Tags:abc, accounting, army, business, finance, management, organization, sbc
This paper examines how the system of performance measurement is applied in business to gain insight and make judgements regarding the effectiveness and efficiency of programs and processes.
Essay # 67131 |
1,213 words (
approx. 4.9 pages ) |
1 source |
APA | 2006
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$ 24.95
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Abstract
This paper defines performance measurement as a system for determining how a program is accomplishing its mission through the delivery of products, services or processes. The writer of this paper discusses the effectiveness of performance measurement as an ongoing, periodic method for determining whether a program is accomplishing its goals. This paper details the three main components of performance measurements which are comprised of: Planning, implementation and evaluation. This paper also delves into the four types of performance measures which include: Input, output, effective/outcome and efficiency measures. This paper also contains a chart which shows how various types of industry would benefit by applying the above mentioned performance measurement techniques.
Table of Contents:
Overview of Performance Measures
Type of Performance Measures
Output Measures
Effectiveness/Outcome Measures
Efficiency Measures
Benchmarks
FY 01 Performance Measures
From the Paper
"Output indicators measure the quantity or volume of products and services provided to a program. Output indicators are commonly referred to as workload, or activity measures. This had been the most commonly used measurement in budget documents of the recent past. For example: an output of 800 participants for the Social Services Annual Flu Shot Program; an output of 7,800 user support occurrences for MIS. For the FY 01 Proposed Budget document, activity measures are not shown; however, Departments will continue to collect and track output measures as a means of measuring performance."
Tags:business, applied, practice, strategy, productivity
This paper looks at the importance of performance measurement to a project.
Analytical Essay # 126199 |
750 words (
approx. 3 pages ) |
3 sources |
APA | 2008
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$ 16.95
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In this article, the writer discusses the importance of performance management in project management, emphasizing the three measures of schedule, quality, and customer satisfaction and explaining why performance measurement is important in a project.
From the Paper
"One of the key facets of project management is performance measurement. The three prime objectives of project management are to meet specified performance within cost and on schedule. The importance of performance measurement cannot be overstated. Other project management values such as rapid project completion are not valuable if performance quality is sacrificed to attain them. In addition without performance measurement it is difficult to evaluate the success of a project. By linking measures to the company's strategy and ensuring that they ..."
Tags:performance measure, performance management, project management, quality, schedule, customer satisfaction
Looks at performance measurement in government, public and business organizations.
Research Paper # 106486 |
1,200 words (
approx. 4.8 pages ) |
3 sources |
APA | 2008
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$ 24.95
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This study examines the factors that affect the utilization of performance measurement. The study attempts to provide better information on the patterns of usage of performance measurement and to use this information to develop an elaborated model of the factors presumed to affect utilization. Using distinctions from the policy and evaluation literature, the following hypotheses were tested and confirmed: Policy adoption is driven more heavily by factors from rational and technocratic theory, whereas actual implementation is influenced by factors addressed by political and cultural considerations
From the Paper
"It is clear that if a manager cannot bring people on board with the company's vision then they will be required to take the necessary actions to ensure the company stays on track in the business transformation by involving the employees. Along with that, it is necessary to have strong leadership when competition is intensified. Therefore, companies need strong leadership so that they have the ability to be innovative enough to set themselves apart from their competitors and maintain a successful and stable structure company, which benefits the employees' health and safety by using performance measuring."
Tags:change, communication, data, results-oriented, adoption
A paper that outlines the various defects of the standard based costing method and how it does not effectively measure the manufacturing environment of today.
Term Paper # 9936 |
1,650 words (
approx. 6.6 pages ) |
8 sources |
APA | 2002
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$ 32.95
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The paper explains that in production organizations, the basic concern of the management is to have smooth operations with the least cost possible. There the existence of cost is measured by the tangible output each component of the department produces and income is compared to the cost incurred. The paper shows that a system that is set for measuring the performance level of the tangible assets is known as a standard based cost. The production level is measured periodically and compared with the actual costs incurred. Any deviation from the original cost is considered as variance and hence they are measured separately. The paper discusses that the overall costing structure is dependent on the standard costing method and performance is also evaluated on this basis. The paper shows how, in the recent years, the structure of the manufacturing environment has changed the way management view standard costs. Since most of the work is performed on a large scale and depends on highly innovative technology, many argue that the concept of standard costing has become redundant and ineffective. The paper analyzes this concept.
From the Paper
"Standard based costing allows the business to plan its cost according to the level that favors the management in optimal usage of resources and minimum cost price. There are two types of standard that could be used to measure. One is ideal standard where the price is planned to the minimum compared to manufacturing capacity. Second attainable standard where the overall lowest price is noted for costing and a considerable level of efficiency is noted. The costing system does not expect 100% capacity but it does try to minimize spoilage percentage. Thirdly, direct material and labor standards where per unit material and labor is noted for production of per unit of the product. Through these methods it is clear that the standard based costing system is not usually attainable and hence subject to criticism. The reason being that direct labor and direct material cannot be accounted for if the products are lying idle at warehouses in case of emergencies."
Tags:WIP, accounting, budgeting, information, system
A paper which discusses the importance of performance measurement systems in managing an organization.
Analytical Essay # 8518 |
880 words (
approx. 3.5 pages ) |
3 sources |
MLA | 2002
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$ 18.95
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The paper shows that a performance measurement system is an important tool in managing an organization as it allows an organization to define what is important to it and helps an organization ensure that its objectives are met. It shows, too, that the more complex an organization becomes, the more important an effective performance measurement system becomes. The paper covers areas such as key performance indicators (KIP's) and balanced scoreboards.
From the Paper
"With many departments, management can lose sight of overall objectives. Having to assess and define the measurement system allows the company to clearly define what is most critical to its success. An effective management system then allows the company to monitor these factors and have a clear picture of the progress of the company. This is essential for monitoring the operations of the company and ensuring strategic objectives are being met."
Tags:employees, focus, strategy, Integration, Competitiveness
A review of M.H. Moore and A.A. Braga's article "Police Performance Measurement: A Normative Framework".
Article Review # 103037 |
810 words (
approx. 3.2 pages ) |
1 source |
APA | 2008
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$ 17.95
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This paper discusses an article regarding law enforcement management and direction, related to performance metrics. The paper explains that the purpose of the article is to form new insight into the performance metrics of law-enforcement activity in a manner that is more closely aligned with the actual duties that most sworn law enforcement personnel perform on a daily basis. The paper briefly discusses the strengths and weaknesses of the article and concludes that the article was effective in pointing to the direction where further practical research should be conducted regarding law enforcement performance measurements.
From the Paper
"For example, the typical parking enforcement office is primarily an administrative function requiring little in the line of active police or law enforcement activity. The primary activity is by far the processing of citations for payment or non-payment and this activity consumes the attention of most parking enforcement staff (Moore & Braga, 2004). The survey results tend to support these observations in that, even in situations where police departments retain full control over all types of law enforcement activities, the ones most successful at operating them are the departments that have dedicated personnel outside of sworn law enforcement officers working in each department."
Tags:law, enforcement, officers, assessment
This paper discusses performance and success within hospitality business operations.
Analytical Essay # 146362 |
2,000 words (
approx. 8 pages ) |
20 sources |
APA | 2010
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$ 38.95
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In this article, the writer discusses that the development of hospitality operation management is demonstrative of the idea that to obtain the whole picture of success and or weakness in a system or organization one must evaluate and utilize a balanced approach, including both non-financial and financial measures as guides. The writer critically evaluates why academic writers suggest a more "balanced" approach towards productivity performance measurement in hospitality business operations as a better process than using traditional accounting measures alone as a guide. The writer concludes that seeking to evaluate new and innovative ways to demonstrate and improve success is the responsibility of research scholars in the industry and researchers have embraced this idea by seeking a better understanding of non-financial performance measures in the hospitality industry.
From the Paper
"Selling the idea of performance measure change is an essential aspect of research and development in any industry, but an industry like the exponentially growing hospitality industry is in dire need of such change. Best practices can be sought and new standards can be set within the industry if research focuses on new and innovative ways to keep customers, grow services and most importantly keep employees. Alternative incentives, such as performance based assessment need to focus on more balanced points of view, including those of the customer, industry and employee. Service industry growth is undeniable and essential changes must be adopted in the research as well as the practice of service provision.
"According to Banker, Potter & Srinivasan the trend toward utilization of non-financial measures in the hospitality industry is significant, especially with regard to the development of managerial performance reward systems ..."
Tags:performance, standards, market, share, services
This paper discusses performance management through performance measurement, especially in government.
Essay # 50797 |
1,080 words (
approx. 4.3 pages ) |
6 sources |
MLA | 2004
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$ 22.95
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This paper discusses that, if management is the process of achieving specific tasks through specific means in specific time frames with a set of predetermined resources, then to achieve this level of management, measuring the progress is essential. The author points out that, to serve the needs of a community, a government needs to rise above the lack of market-based accountability and to set itself standards and performance benchmarks by which it will operate and to which it will hold itself accountable. The paper demonstrates that, by placing information in front of the public, the London Royal Borough of Kensington and Chelsea government is committing itself to accountability to the people it serves, a valuable step for a government body.
From the Paper
"The ideas of performance management through performance measurement have been the backbone of private enterprise for decades. Without measuring performance, a company will quickly be replaced in the marketplace by its competitors. However, in the last decade, as business has shifted into a digitally enhanced production and performance environment, the idea of performance measurement has become even more important. The digital business age has created new competitive forces, which force businesses to review their business activity more frequently. In reality, a company must be in constant review of its progress toward stated goals while at the same time determining new goals and adopting processed to implement the new goals if they are to stay competitive."
Tags:measurement, public, accountable, standards, benchmark