I need a discussion response to my teachers question on my discussion post in Pe

Question

I need a discussion response to my teachers question on my discussion post in Performance Management

My post

Even in lean times it is very important to reward the top performing employees to ensure that they stay in the organization. The medical service professionals who are excellent in their field are very important for the nonprofit organization and that is why they are paid heavily. In my opinion, financial reward is very important for the employees with good performance reviews to retain them in the organization. The employees would not get enough motivation if the top performing and average employees are rewarded at the same level. Hence when the company considers the employees for reward, top performing employees should be rewarded slightly higher than the average performers. As the company is passing through a lean time, the employee support is very essential to overcome the situation. It is very difficult to achieve employee satisfaction without rewarding financially and you would have understood this fact very well in your 28 years career. Hence as the Chairman of the nonprofit organization, you should approve financially rewarding the employees within the budget but should consider rewarding according to performance other than providing the same percentage to all with good reviews.

WC: 189

References:

Milkovich, G., Newman, J. (2016). Compensation (12th ed). New York, NY: McGraw Hill.

Teachers Question

What would you look at when considering rewarding employees? Do you think that keeping your job adequate reward for good performance during these lean times?

Explanation / Answer

At the time of considering employee for the rewarding we would look for the performance of the employees, reward should be paid to the employees who perform outstanding or extraordinary during their working period . we should also look for the position of the employee and also their commitment toward the company. we should also look at the hard work of the employee, their effort and also behaviour of the employee at the workplace.

Yes i think that keeping your job adequate reward for good performance during these lean times, as reward help to improve confidence and self worth among the employees, it can also help in improving the overall productivity of the company, rewarding system during lean period can also build supportive work environment during this though phase of the company, it is also very helpful in retaining the loyality of the employees, it can also encourage employee to give better business reasult during the lean periods also. it can also increases the job satisfaction level of the employees, it can also build the team culture.

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