Performance and reward management Essay Example | Topics and Well Written Essays - 3000 words

Performance and reward management - Essay Example What is required in this day and age is a vision to set things right and that too in the long run scheme of things. The payroll costs are decreasing and so are the cuts within the performance rewards for the sake of the employees. This is because the payroll costs have meant an extra burden on the organizations and add to that the discussion of the performance rewards is something that is completely out of sync with the understanding that one reaches upon. Therefore, what is deemed as significant here is the reckoning that performance rewards will give in the best mileage if these are handled in a proper and adequate way, and when the organizations understand that the employees are their most prizes resources, and giving them incentives would only mean more and more success at the end of the day. This paper discusses why payroll costs are a burden on the shoulders of the organizations in the current times and how the performance rewards are discerned and measured in the same perspect ive. The payroll costs within the organizations could be brought down if there is a sense of purpose and collective responsibility within the top management domains to make the same as a possible initiative. What this suggests is the fact that organizations in this day and age are doing their utmost to make sure that the payroll costs are brought under the hammer but what they are forgetting all this while is the understanding that these elements need to be tackled in a proper perspective and with immense foresight. More than anything else, there is a need to set things right which unfortunately the payroll costs and deductions in the same might not fulfill. Therefore, one can deem the same comprehensions to be out of sync because the employees are looking to expand on their salaries through pay raises and the like but what the organizations are looking forward to offering them are totally opposite pay structures (Heyes, 1996). However balancing the two seems like a difficult exerci se, and more so when the talk goes out loud regarding the payroll costs being a massive burden on the organizational shoulders. Therefore, much consideration is indeed important towards the relevant domains because the organizations of today are banking direly on the positives that the employees can incorporate within their ranks. The payroll costs are important to have know-how about because these form the essence of an employee’s realms and he would never appreciate if these are cut down for no mistake of his (Poole, 1998). When the payroll costs are thought of as a burden, then the organizations cannot derive much sanity from the related ranks. Hence it is always a good practice to think of these payroll costs in the light of the money spent on the resources which are available at the disposal of the organizations, and it is this arsenal which forms the backbone under the related scenarios. The changing business environment circumstances usually implicate for the discussio n on payroll costs coming to the fore. What this suggests is the fact that the payroll costs would be seen as a burden on the shoulders of the organization and that the employees would view the entire ballgame of salaries and pays to be a difficult task for the sake of the organizational top heads. They would find it hard to arrange for their salaries which would eventually mean that the employees