Performance Reward is firmly linked with Performance Management

Performance Reward is a tool used by some organisations and because its proved to be a useful tool most organisations are adapting to using it to greater strengths. Primary objectives for employees to work efficiently and on a regular basis are the wages or salaries they get after providing a skill or service. Recent studies have proved that there are different rewards that satisfy different individuals other than money, these include fringe benefits which can be seen in all sorts of forms and shapes.


Performance Rewards are also incentives that are probably key motivators for employees and creates a work environment full of morale. Since most organisations can not afford to pay everyone high wages/salaries they resort to healthier and homely work environment which makes employees feel as if they belong(a home away from home) some might say but a environment which a culture with a family oriented strategy.

Employee benefits are a growing type of Performance Rewarding system, because employee feel obliged to work harder because of these benefits. e.g private medical insurances, company cars, perks that come as a bonus et cetera et cetera. Most business modules have a chapter if not chapters that explains or discuss this topic because its has become one of the major topics which is closely related and underlined when talking about PESTEL.  Since financial rewards are important components of the reward system it is also of vital importance that you focus on the positive reinforcement and use the most effective tool as a whole or by levels within an organisation.


Formal communication from high up and between teams is a brilliant way to start. Building barriers between top management and the ground staff/employees is an ingredient for trouble. There are simple situations which can easily be resolved through technical feedback and  helpful suggestions, enhancing these skills builds a radically strong organisation which has a very low employee turnover or none at all. Always think outside the box, ask for new ideas and even consult with Humba HR Consultants~ we are here at your disposal. http://www.humbahrconsultants.com