Linkage between performance management, reward management and human resource development
- 1. Linkage between Performance Management, Reward Management and Human Resource Development Presented by DEBARUN PAUL
- 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
- 9. Thank s!