Blog Article

How can you strengthen the link between reward and performance management?

Posted by Nick Boulter

Nick Boulter

Recently, we’ve heard a lot of talk (and answered a lot of questions) about the relationship between reward and performance management.

So we’ve created a series of short video blogs in which our experts discuss the issues on camera. First up is how to strengthen the link between the two; other topics we’ll cover include the trends we’re seeing in this area, and what we think of ratings-based performance management systems.

In this first film, you’ll hear top tips for success from me and two of my colleagues – Aspasia Voulgari, a consultant in Hay Group Southern Europe, and Chris Chen, head of reward at Hay Group Canada.

Here’s a taster of what we talk about – watch the film for more insights and advice.

  • Define what success looks like within your culture – what do you expect from your people? What behaviors do you want to encourage?
  • Communicate and educate – let everyone know what they can do to perform well and make sure your managers are up to speed when review time comes around
  • Be courageous – don’t be afraid to take bold action when it’s needed
  • Be consistent – don’t pick and choose when you apply the rules.

Catch part two of the series – on trends in reward and performance management – here

 

 

Leave a comment

Comment with Facebook

Related posts  

Subscribe to our mailing list

To access our latest thinking and get regular updates fill in your email address below

Latest video blog

More from Hay Group