( M14 perf) ]Rewarding through Performance Management

Module 14: Discussion Forum 

In today’s turbulent economic times, reward systems, in many  organizations, have been revised/modified, thereby resulting in  frustration, uncertainty, loss of security, etc. In fact, many  organizations have cut base pay, reduced short-term incentives,  eliminated long-term incentives, and more. Due to COVID-19,  organizations are struggling to maintain financial stability.  Unfortunately, employees often feel the brunt of the reward cutbacks.

For this week’s discussion forum, please select an organization of  your choice. The organization can be based in the KSA or anywhere else  in the world. No student should select the same organization as his/her  classmates. In your post, address the following:

Explain what type of reward system is utilized.

Then, consider that a 20% cut needs to be made, in regard to  rewards, to ensure organizational success. What types of rewards would  you recommend cutting? How might you use intangible returns to make up  for monetary cuts? What types of intangible returns could you use? Why?

Embed course material concepts, principles, and theories (require  supporting citations) in your initial response along with at least one  scholarly, peer-reviewed journal article. Keep in mind that these  scholarly references can be found in the Saudi Digital Library by  conducting an advanced search specific to scholarly references. Use APA style  guidelines. 

Be sure to support your statements with logic and argument, citing  all sources referenced. Post your initial response early and check back  often to continue the discussion.

You are required to reply to at least two peer discussion question  post answers to this weekly discussion question. These peer replies need  to be substantial and constructive in nature. They should add to the  content of the post and evaluate/analyze that post answer. Normal course  dialogue doesn’t fulfill these two peer replies but is expected  throughout the course. Answering all course questions is also required.

Required

Chapters 10 & 11 in Performance Management

Devaraj, S., & Jiang, K. (2019). It’s about time – A longitudinal adaptation model of high-performance work teams. Journal of Applied Psychology, 104(3), 433–447.

Wang, T., Thornhill, S., & Zhao, B. (2018). Pay‐for‐performance, employee participation, and SME performance. Journal of Small Business Management, 56(3), 412–434.