Performance Management/Reward Management-Seeking Suggesstions

Dear All,

I would like to understand how the reward management and performance management should run in any organization with an employee strength of about 500 employees. I would be really glad to know any related information on reward management and performance management that is followed across the industry. I would really appreciate it if someone could share their industry experiences as well.

Looking forward to your responses.

Thanks,
Akshita

Please share any information regarding performance appraisal and reward management in any form, whether it be articles, templates, processes, etc.

Awaiting your suggestions.

Thanks,
Akshita

Hi Akshita,

In a general sense, what you would want to ensure is that the key results for the organization are agreed upon, and then the cascade is done for the various departments and the individuals in those departments. Ensure that the deliverables for each department head are aligned and cascaded to his/her subordinates. Then, agree on the measures/metrics for the various key results across the organization along with the time frames.

One thing to look out for is managers/heads of departments who want to have deliverables that have nothing to do with their functional role. Manager deliverables are necessarily tied to those of their subordinates.

Determine at what point/s on the scale the reward will begin - at what percentage of delivery.

Once you can get this done, assessment/appraisal is a breeze since you already have the assessment points.

You would need to get your Executive's approval on how they will reward delivery at different points on the scale.

If you need further help on how to decide where to begin giving rewards, please feel free to contact me.

Hope this helps.

Kind regards,

Angela