Performance & Reward Management Research Paper Example | Topics and Well Written Essays - 2750 words

Performance & Reward Management - Research Paper Exampled Management, on the other(a) hand, is related to ones understanding of an individuals motivating factors as well as their determination of the pay, bonus and other rewards they receive (Vince, 2002b).It is then in line with these definitions that the manner by which these concepts ar understood by organizations tend to vary. Apparently, there are some organizations that basically link the two in a strong and explicit way. Conversely, there are also other firms who keep both steering concepts separate from each other. However, the study of Vince (2002b) reveals that work in organizations that separate these two concepts tend to be characterized by higher levels of employee dissatisfaction. In the same manner, they also tend to experience higher turnover rates with the employees exhibit poor morale. Furthermore, Vince (2002b) also showed that these organizations tend to pose a desire aimed towards changing a certain facial ex pression of the employees behaviour.The definition of Shields (2007) with regard to performance and reward oversight concurs with the above presented statements of Vince (2002c). Shields (2007), in establishing the link existing betwixt the concepts, first discussed the purpose of reward management. According to him, a working organization that adopts a reward management scheme is usually guided by three main objectives namely (Shields, 2007) (1) the need to attract the duty people at the right time for the right jobs, tasks and roles (2) the need to retain the best people through recognising and rewarding the contributions they made to the company and finally, (3) the need to motivate the employees so as to ensure that they will pass on to the organization, the best of their capabilities. With regard to this definition, Shields (2007) then discusses that the strong link between reward and performance management has been all the way established for it has clearly expressed the need to ensure the motivation of the employees which are then