800–1,000 words

Anonymous
timer Asked: Jan 25th, 2018
account_balance_wallet $15

Question Description

strategic purpose for a well-blended compensation program, one that includes various types of direct compensation, is gaining employee commitment and productivity. One of the most effective tactics for this strategy is designing a process for linking individual achievement to organizational goals.

Prepare a report to senior leaders addressing the following:

  • Explain the concept of tying performance to organizational goals.
  • Describe the different types of individual and group-level performance measurements.
  • What are the advantages and disadvantages of individual versus group-level performance recognition?
  • Discuss the options an organization has to link individual or group monetary rewards to organizational success.
  • Develop recommendations for how to implement, monitor, and evaluate such a program.

Tutor Answer

nkostas
School: UCLA

Attached.

Outline
The link between performance and organizational success
Thesis statement: It is the responsibility of the team leader to communicate effectively and
clearly the goals of the organization to the team and the teams within it. These goals give a
sense of direction to the workers and are also the key determinants of the strategies to be laid
I.

Introduction

This report is seeking to establish the relationship that exists between the individual and team
performance and the ability of the organization to meet the set goals
II.

The concept of tying performance to organizational goals

Being able to harness the potential of the employees is important in building a successful
organization
III.

Measurements of individual and group -level performance

One way of measuring individual performance within the organization is by evaluating the
individual behaviour
IV.

The pros and cons of individual v. Group level performance recognition

A good organization is able to monitor if they thrive on use of team or individual recognition
program
V.

Linking individual/group monetary rewards to organizational success

Monetary reward is a motivator for the employees to achieving the organization and
individual goals
VI.

Recommendations on how to implement, monitor, evaluate compensation
program

The development stage of the program is the phase where the budget and the objective of the
program are determined

VII.

Conclusion

Organizations should apply both the monetary and the nonmonetary incentive in order to
motivate the employees.


Running Head: THE LINK BETWEEN PERFORMANCE AND ORGANIZATIONAL
SUCCESS

The Link between Performance and Organizational Success
Name
Institution Affiliation
01/26/2018

1

THE LINK BETWEEN PERFORMANCE AND ORGANIZATIONAL SUCCESS
Introduction
This report is seeking to establish the relationship that exists betwee...

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Review

Anonymous
Excellent job

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