How do you see the performance and rewards systems landscape across organisations at present?
RM In current scenario especially post pandemic era, the performance and rewards systems landscape across industries are rapidly changing and evolving. Companies are increasingly prioritizing employee performance and satisfaction by introducing innovative approaches to performance management and rewards. It has become imperative that the company post redesign revamp, as applicable implement provide adequate feedback mechanism to their employees in order to build trust in the performance management program. Evidently, the consideration is to tie the available corporate rewards to the outcomes of the appraisal. Behavioural research prevails that performance levels are highest when rewards are contingent upon performance to sustain in an organisation.
In the field of reward administration, an emerging trend can be observed whereby most organisations are moving toward the application of psychological elements in administering organisational...
