Performance Management Systems Term Paper by pipp

Performance Management Systems
A look at non-monetary reward and recognition and team-based incentives within the organization.
# 109126 | 2,357 words | 8 sources | APA | 2008
Published on Nov 19, 2008 in Business (Management)


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Description:

This paper discusses how it is believed that in any organization, the success of the performance management system depends on the ways in which the performance has been linked with the various values, missions, vision, and strategic objective of the entire organization. It looks at how there are three important levels of goals within any organization: organizational, team level, and at an individual level. The paper argues that all measures that are taken for the development and design of the non-monetary reward system must therefore be based at the three levels outlined, upon which the different measures to be taken can be determined.

From the Paper:

"Monetary rewards have been proven to be quite effective in many organizations. But due to the recent global economic crisis, other type of rewards such as non monetary, have been proven to be equally effective. These rewards or awards, are comprised of both formal as well as informal acknowledgement, an assignment of better and more enjoyable job duties, an increase in the several opportunities for better training, and also an increase in that particular employee's decision making role within the organization. It must be remembered that non-monetary awards and rewards are extremely meaningful as far as employees are concerned, and therefore, very motivating for them. "

Sample of Sources Used:

  • Allen, R. & Helms, M., (2002). Employee perceptions of relationships between strategy rewards and organizational performance. Journal of Business Strategies, 19 (2). 115-139.
  • ECS, HR and CM: Performance Management Retrieved on November 6, 2008 fromhttp://www.ecs-limited.com/hr_cm/performance.asp accessed
  • Helping you improve business results through better performance measurement retrieved November 6, 2008 from http://www.zigonperf.com/index.html
  • Keller, J. (1999). Motivational Systems. In H.D. Stolovitch & E. J. Keeps, (Eds.), Handbook of human performance technology. (pp. 373-394). San Francisco: Jossey-Bass Pfeiffer.
  • Nelson, Bob (2002) 101 of the Best No-Cost & Low-Cost Ways to Reward Employees, Nelson Motivation Inc, Retrieve on November 7, 2008 from http://www.amazon.com/Best-No-Cost-Low-Cost-Reward-Employees/dp/B00006IGWF

Cite this Term Paper:

APA Format

Performance Management Systems (2008, November 19) Retrieved December 01, 2022, from https://www.academon.com/term-paper/performance-management-systems-109126/

MLA Format

"Performance Management Systems" 19 November 2008. Web. 01 December. 2022. <https://www.academon.com/term-paper/performance-management-systems-109126/>

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