Effective Reward Systems in Performance Management

Performance management systems and reward systems are essential components of motivating and driving individual and group performance in organizations.

• Analyze reward systems and the appropriate application to meet organizational goals.
• Discuss the different types of reward systems, such as financial and non-financial rewards, and their impact on employee motivation and performance. (give examples of each)
• Consider the importance of aligning reward systems with organizational goals and values, as well as the need for fairness and transparency in the reward process

Directions:

• Discuss the concepts, principles, and theories from your textbook. Cite your textbooks and cite at least 3 other sources (from the past 5 years) & provide in-text citations.
• Your initial post should address all components of the question with a five hundred word limit.

textbook: Aguinis, H. (2023). Performance management (5th ed.). Chicago Business Press. ISBN: 978-1-948426-48-0