Performance management and reward

Performance management and reward Prepare a presentation, to include slide deck and supportive notes, aimed at providing Technow’s new management team with essential knowledge and understanding of performance management and reward. You need to ensure that you explain: . the purpose of performance management, and the factors, information and components that influence and affect performance management systems. (AC 4.1) (Sides, weeks 4-5) the main factors that need to be considered when managing the performance of teams and individuals. (AC 4.2) (Sides, weeks 4-5) the key types of appraisals and how they are used in performance management, Include reference to the key skills needed by those holding the appraisal. (AC 4.3) (Sides, weeks 4- 5) With regard to employee reward, your presentation must clarify the importance of different approaches to reward that can be used for attracting, motivating and retaining individuals. Be sure to provide an: explanation of the key components (financial and non-financial) that are required to achieve an effective total reward system. (AC 5.1) (Sides, weeks 4-5) exploration of the relationship between reward and performance, and the links to motivation. (AC 5.2) (Sides, weeks 4-5) explanation of at least two reasons for treating employees fairly in relation to pay. (AC 5.3) (Sides, weeks 4-5) Your evidence must consist of: Set of presentation slides and supporting notes. (Approximately 1000 words, refer to CIPD word count policy). It is only required that the candidate prepares the documents for the presentation, it is not necessary to make this presentation.