performance management, reward management, human resource development, performance management as a tool of HRD, purpose of reward in performance management, reward system from the perspective of HRD
2. Performance
Management
An ongoing, continuous process of
communicating and clarifying job
responsibilities, priorities, performance
expectations, and development
planning that optimize an individual’s
performance and aligns with
organizational strategic goals.
3. Reward
Managemen
t
It is the strategies, policies
and processes required to
ensure that the value of
people and the contribution
they make to achieving
organization, departmental
and team goals is
recognized and rewarded.
4. Human Resource
Development
Framework for helping employees
develop their personal and
organizational skills, knowledge, and
abilities.
Includes such opportunities as
employee training, employee career
development, performance
management, mentoring, succession
planning, key employee identification,
reward planning and organization
development.
5. Performance Management as a tool of
HRD
Linked to the various sub-systems of
HRD
reinforce the competencies for the
development of performance
6. HRD for Performance Management
Learning environment leads to the
competitiveness of organization
Considerable connection between
organizational objectives and
outcomes should be developed
through HRD functions
7. Purpose of Reward in
Performance Management
Motivation: Fundamental to improved
performance
Reward and recognition results for
motivation
implementing an effective reward
program yields significantly positive
results
8. Reward System from the perspective of
HRD
Reward elevates the productivity
strategic role of HRD when coupled
with effective recruitment and reward
management.
Necessity of reward system to attract
and retain competent
Employees
