Performance Management Management Coursework Paper

Performance Management
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Performance Management
Globally, employees believe that the core boosters to their morale include respect, empowerment, safety, appreciation, team building, flexible working hours, and health benefits (Miron, 2016). Hence, as a chair of the recognition and reward committee in a company, I would not only consider monetary compensation to my workers to improve their morale given the mandate to prepare a recommendation on how to allocate $5,000 annual budget to maximize worker's motivation and engagement. I would offer the following recommendations.
First, I will organize a monthly communication meeting involving all employees. These meetings would discuss company projects, performance, and expected growth production. Employees wil...