Reward Systems

User Generated

nerzna

Business Finance

Description

Discuss the positive and negative impact of performance reviews on employee morale, retention, and business operations improvement. What performance review system (PMS) does your organization use, and how does it impact you? If you presently don’t belong to an organization that conducts performance reviews, look at an organization that uses (or used) the 360° performance review system and explain how it impacts (or impacted) performance in this organization

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Explanation & Answer

Attached.

1

Performance reviews

Performance reviews.

Student’s name:

Institutions name:

Date of Submission:

Performance reviews

2

Positive Impact


Staff encouragement

A vital variable in terms of employee morale as workers will feel motivated as their efforts will
be reviewed and good work will be rewarded.


Performance grading

Under performing employees will be identified and eliminated from their posts and given to hard
working collogues to be managed better hence the aspect of retention


Business growth

Performance review enables development of employees in terms of output thus in general the
business operation expands thus leading to a larger and more efficient geograp...


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