Book contents
- Frontmatter
- Contents
- Preface
- Chapter 1 Peak Performance
- Chapter 2 Supportive Environment
- Chapter 3 Rewarding Performance
- Chapter 4 Job Satisfaction
- Chapter 5 Productivity Settlement
- Chapter 6 Power of Communication
- Chapter 7 Human Capital
- Chapter 8 Nurturing Work Culture
- Chapter 9 Manage Change
- Chapter 10 Knowledge Management
- Chapter 11 Managerial Effectiveness
- Chapter 12 Retention of Talents
- Chapter 13 Leadership
- Chapter 14 Industrial Relations
- Chapter 15 Demotivators
- Bibliography
- Index
Chapter 3 - Rewarding Performance
Published online by Cambridge University Press: 26 October 2011
- Frontmatter
- Contents
- Preface
- Chapter 1 Peak Performance
- Chapter 2 Supportive Environment
- Chapter 3 Rewarding Performance
- Chapter 4 Job Satisfaction
- Chapter 5 Productivity Settlement
- Chapter 6 Power of Communication
- Chapter 7 Human Capital
- Chapter 8 Nurturing Work Culture
- Chapter 9 Manage Change
- Chapter 10 Knowledge Management
- Chapter 11 Managerial Effectiveness
- Chapter 12 Retention of Talents
- Chapter 13 Leadership
- Chapter 14 Industrial Relations
- Chapter 15 Demotivators
- Bibliography
- Index
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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- Information
- Human Capital , pp. 29 - 42Publisher: Foundation BooksPrint publication year: 2007