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Reward Management

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    Reward Management Reward management is concerned with the strategies, policies, and processes required to ensure that the value of people and the contribution they make to achieving an organizational goal is recognized and rewarded (Amstorng, 2012) . Literally, the term rewards can be defined as a particular monetary return, object, or event that an employee receives in exchange for his/her work or for having done something well (Franco-Santos, 2015) . Reward System The Total Reward System comprises the extrinsic and intrinsic reward mechanisms available to an employer to motivate, attract and retain employees. Different combinations of rewards will generate different employer-employee relationships (Franco-Santos, 2015) . ·          Reward Strategy Reward strategy sets out what the organization intends to do in the longer term to develop and implement reward policies, practices and processes which will further the achiev...
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Employee Motivation

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Employee Motivation Motivation is the force that energizes, directs and sustains behavior. A motive is a reason for doing something and factors that influence people to behave in a certain way (Amstrong, 2012) . Motivation is a significant factor that urges people to give their best execution and help in arriving at big business objectives. Solid positive inspiration will empower the expanded yield of workers yet a negative inspiration will decrease their exhibition (Dr. Ankur & Jain Dr. Meenakshi Bindal, 2019). Motivation of employees in the workplace still remains one of the sensitive subjects that determine the level of input that employees will put into the organization to commit to good performance (Elizabeth Boye Kuranchie-Mensah & Kwesi Amponsah-Tawiah, 2016)   Types of Motivation A distinction is made between intrinsic and extrinsic motivation. Extrinsic motivation occurs when things are done to motivate people including incentives, increased pay, promotio...
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Performance Management

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  Performance Management Performance management is a system that improves individual, team & organization performance. a strategic performance goal is to help the organization to achieve its business goals. From an individual point of view, performance management means getting the best result within an agreed framework of planned goals, standards & competency requirements  (Amstrong, 2012) . Objectives of performance management for individuals The focus on performance management for individuals is to improve the ability of people to achieve & exceed expectations to achieve their full capacity to gain a positive impact on themselves & the organization (Pulakos, 2004) . Goals of Performance Appraisal   Both organization and individual wants performance appraisal to meet their individual KPIs and organizational overall goals and objectives. In some cases, these objectives or goals are compatible, but in many cases, they are not. KPIs are important t...
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Training & Development.

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Training & development is the process of ensuring that the organization has the knowledgeable, skilled and engaged work force it needs. It involving the organization facilitating their employees with training, guiding, learning programs & coaching & self-directed learning activities carried out by employers them self (George W Bohlander Scott A.Snell, 2015) . ·          Investment in Training Research shows the organization profitability are positively grow with the more invest of training & development to the employees.   “US Business spend about $50 billion annually by to provide each of their employees with about 40 hours of training annually” (George W Bohlander Scott A.Snell, 2015) . Eg: In addition to above mentioned high budgeted trainings, many Sri Lankan organizations are organizing formal internal training programs time to time, use their experience employee as trainer and he or she share his\her experience w...
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