The Link Between Performance and Reward Management

Therefore, the framework for developing this component is to improve the performance of individuals and organizations. This is accomplished by identifying performance needs, providing periodic feedback, and helping individuals achieve career development. Performance management and organizational success, compensation management, and employee motivation are closely related to the relevance of individual and organizational performance.

Two objectives of performance management: Performance management as a comprehensive and collective process utilizing various elements to achieve various objectives designed to improve the performance of individuals and organizations. The two main objectives of performance management include improvement of individual capabilities and ongoing communication of strategic objectives. Through performance management, employees can meet and exceed the expectations to maximize their abilities. Thanks to their ability to improve their specific areas of expertise, these people can benefit from it, as well as bring benefits to the organization. Next, we will use performance management to communicate strategic goals and business goals on a continuous basis.

An association between individual actions and the organization's performance is effectively linking the fee to the performance management system, and a clear "perspective" is needed between individual behavior and corporate performance. It is also necessary to understand not only the accounting indicators but also the company's performance in terms of both goals and means. Foot and Hook (2002, p. 242) further imagines that if their wage growth depends on it, people being evaluated may acknowledge some development needs or accept performance support It was difficult to point out. It is a good evaluation. Therefore, employers are generally encouraged to separate incentive considerations from other valuation areas.

In many organizations, links to compensation systems such as compensation, remuneration, progress, successor training performance evaluation system, etc. are linked. Individuals judge the performance management system and organizational culture based on the information sent by the compensation system. As the reward system identifies individual contributions and ignores the team's contribution to the goal, people within the organization begin to concentrate on individual tasks. Performance assessment also evaluates the potential for growth of employees who provide information to organizations to generate positive behavior and provide information to individuals to achieve performance improvement, individual growth and job satisfaction It means to do. In other words, performance evaluation is expected to lead to the next evaluation.