Developing and Managing Performance
Assignment: REWARD MANAGEMENT REPORT
***Hutchinson, S. (2013) Performance Management: Theory and Practice. London CIPD (** Chapter 3)
Wright A. (2004) Rewards Management in context, London CIPD Rose M (2014) Reward Management, London Kogan Page
Task:
Prepare a management report to provide the HR Director and CEO with a critical evaluation of individual performance related pay (IPRP) and the possible barriers which may be impacting on its implementation and effectiveness within the Trust. Provide recommendations on alternative reward strategies they could consider.
Response should consider:
- The advantage and disadvantage of an individual performance related pay as a performance management tool in the NHS (National Health System)
- How can IPRP improve Organisational performance?
- How suitable is IRPR to the Trust business environment
- Barriers to the effective design & implementation of IPRP schemes
- Alternative reward approaches which could be used to compliment or replace IPRP and why these may work more effectively.
Check and edit your work carefully. Complete and attach a copy of the submission check list (Appendix D) as the front page of your report.
This work can be structured effectively in a number of ways but an example management report structure us provided to guide you in Appendix C. Please note that this is just one possible way to structure the report and you may choose your own approach if you are uncomfortable with this format.
What to write about:
- Critically evaluate the contribution of reward principles, policies, practices and decision making to performance in organisations
- Pay is most crucial? The more you work, the more you will be paid
- Emotional side, Bonds, Boss (does he play the role? Boss goes beyond? Plays a part as a guide?
- How to motivate the employees?
- Theories:
- Maslow's hierarchy of needs,
- Herzberg's motivators and hygiene factors
- McClelland's Theory of Needs
- Process theory of motivation, Expectancy theory, Goal Setting theory & Equity Theory
Word Count: 1500 - 2000 words Harvard Referencing system
Attachment:- Developing and Managing Performance.pdf