Question: Amajorpartofperformancemanagementinvolvesmanagingemployeesandmanagers,as their performance will have a major effect on the performance of the organisation as a whole.Reward system refers to all the monetary, non-monetary and

Amajorpartofperformancemanagementinvolvesmanagingemployeesandmanagers,as

their performance will have a major effect on the performance of the organisation as a whole.Reward system refers to all the monetary, non-monetary and psychological payments that anorganisation provides for its employees in exchange for the work they perform. However,designingsuchreward systems iscomplex,astheyaimtoinfluencehuman behaviour.

Required:

DiscussTHREE(3)outcomesthatmayarisefromawell-designedrewardssysteminabusiness organisation.

(15marks)

2.Explainthedifferencebetweenthegroupperformancerewardschemeandindividualperformancereward schemeastoupholdthemotivation ofteammembers.

(10marks)

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