The Study of Reward-Based Performance Management Strategy, Drivers and Intervention

Reward management in context of performance management is defined as an integrated reward system that ensures equal income and provides financial and non financial needs of employees and acknowledges to their shares in acquiring organization targets. Reward management is important for the success of performance management and has unlimited potentiality in motivation of employees to better performance. Reward management and leveraging it in performance management strategy need a professional acuity and total approach. Reward is a two sided sward. Reward should be determined and paid considering both personal and collective interests of employees. It should have internal relation and consistency with organization strategy targets. this article is taken from the second chapter of the performance management book and centered on reward which is the main element of reward management. The significance of reward in performance management mentioned and then reward-based performance management drivers and interventions reviewed. The main targets of first intervention which is called promoting reward-based performance management allows organizations to create performance-based reward management. The total of ten drivers will help the accomplishment of this intervention. The second intervention or capitalizing on reward strategy for internalization of performance management is an organization method and the employees’ style life. This intervention is consisted of ten drivers.