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Chapter 3 - Rewarding Performance

Published online by Cambridge University Press:  26 October 2011

R. Rajaram
Affiliation:
HRM Consultant
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Summary

“The purpose of an organisation”, according to Peter Drucker, “is to enable common man to do uncommon things.” It is a task of the management to organise, motivate, equip and direct rather ordinary people to perform at their highest possible levels. The origin of management can be traced back to the days when man started living in-group. People were practising the art of management in different forms. It can be rightly said that without organisation, management does not come into existence, and without management, organisation remains a dead weight. Management is the process of directing and facilitating the work of people organised in formal groups to achieve a desired goal.

Teamwork is the foundation of all successful management. Managing teams well is a major and stimulating challenge to any manager, from a novice to an experienced hand. An organisation should seek to use the abilities of all its employees and should be structured so that the sum of all its employees' efforts is significantly greater than if each were working as an individual. Effective utilisation of human resources brings about excellent results in increasing productivity and easy accomplishment of organisational goals.

Optimise performance

Some ways to optimise employee performance are as follows:

  • Identify potential and existing strengths of employees

  • Set performance standards

  • Reinforce strengths and challenge the workers to meet goals

  • Accountability and reward for commendable result

  • Feedback on ways to improve performance while focussiing on the strengths of the employee.

Link rewards with performance

People tend to expend more effort and better thinking toward reaching goals when the probability of receiving a reward from it is known in advance.

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Chapter
Information
Human Capital , pp. 29 - 42
Publisher: Foundation Books
Print publication year: 2007

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  • Rewarding Performance
  • R. Rajaram, HRM Consultant
  • Book: Human Capital
  • Online publication: 26 October 2011
  • Chapter DOI: https://doi.org/10.1017/UPO9788175968400.004
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  • Rewarding Performance
  • R. Rajaram, HRM Consultant
  • Book: Human Capital
  • Online publication: 26 October 2011
  • Chapter DOI: https://doi.org/10.1017/UPO9788175968400.004
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Rewarding Performance
  • R. Rajaram, HRM Consultant
  • Book: Human Capital
  • Online publication: 26 October 2011
  • Chapter DOI: https://doi.org/10.1017/UPO9788175968400.004
Available formats
×