question archive The HR department at Avondale Industries wants to improve their performance management process and be more transparent about how performance reviews are tied to rewards (promotions, salary increases, bonuses, trainings, and so forth)
The HR department at Avondale Industries wants to improve their performance management process and be more transparent about how performance reviews are tied to rewards (promotions, salary increases, bonuses, trainings, and so forth)
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The HR department at Avondale Industries wants to improve their performance management process and be more transparent about how performance reviews are tied to rewards (promotions, salary increases, bonuses, trainings, and so forth). One of the initial steps in this continuous improvement process was having the training and development office educate all employees on what constitutes high performance and how high performance would be recognized and rewarded in the company. Which of the following statements best explains how setting high-performance work standards and rewarding those who perform well benefits the company?
- Knowing what high-performance expectations are helps the company identify those that are not meeting expectations, and the company can let them go if production declines.
- Setting high performance work standards is essential if the company wants to improve its performance in the market and create value for its customers.
- Recognizing high performance and tying it to rewards and recognition has been proven to increase productivity and profitability, lower turnover, and improve the company's value.
- When an employee knows what is expected, they are much more likely to be happy in their jobs and with their supervisors.
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Recognizing those who perform highly creates positive competition among the employees with regards to the input and dedication they place in meeting the organizational goals
In this context, this increases profitability and productivity, as employees are focused more on what is important for the organization with regards to the goals and objectives
this , in turn , reduces the need for employees to resort to leaving the organization, while also, the value and name of the organization is enhanced
