Performance Management and Rewards

Provide a management team with essential knowledge and understanding of performance management and reward.

Include an explanation of the purpose and components of performance management. Describe the main factors that need to be considered when managing performance. Discuss different methods of performance review. Investigate key components (financial and non-financial) that are required to achieve an effective total reward system. Describe the relationship between reward and performance and the links to motivation, and provide at least two reasons for treating employees fairly concerning pay.