课程: Foundations of Performance Management

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Rewarding and recognizing performance

Rewarding and recognizing performance

课程: Foundations of Performance Management

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Rewarding and recognizing performance

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- Have you ever heard the words, "I'm not feeling very motivated because I'm underpaid"? Sadly, such comments are commonplace, and a reminder that it's not easy for people to feel valued and fairly compensated, and as a result, they often end up underperforming, and sometimes even resigning or having to be fired. You don't want this to happen, and to ensure it never does, make a concerted effort to reward and recognize your staff by acknowledging their hard work and performance to date as well as motivating and inspiring them to continue performing well. To help do this, have a competitive remuneration model. Working with your HR colleagues, ensure that the salary levels you pay are fair and in line with the market. Decide if you're able and willing to pay your staff above the market average in an attempt to motivate and retain them. Also, be as consistent as possible so that comparable jobs would have similar levels of…

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