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Explain the relationship between reward and performance. (AC5.2) If you use secondary sources you should include your short references in the narrative here. Wordcount: Approximately 250 words. |
By an organisation using rewards successfully, improved performance is evident. Through recognition and compensation of good working, staff motivation in working hard and increased productivity. According to CIPD (2023a), successful rewards assists in retention of best talents and encouraging behaviours in alignment with entity objectives. In Clean Quarter, this increase performance since staff work hard to get regards by giving best performance results.
Extrinsic and Intrinsic Motivation The intrinsic motivation is sourced within a person and identify motivation which emerge from internal factors including individual satisfaction, interests and a feeling of being challenged (Cherry, 2022). Individuals intrinsically motivated pursue job roles for individual gains as opposed to external pressures/rewards. Extrinsic motivation conversely come from outside of a person and entail doing something since it contribute to an expected result. In Clean Quarter, it can entail behaviours guided by external rewards including monetary, famous, grading and avoiding being punished. The intrinsic motivation harness performance improvement through facilitating staff to get appropriate meaning and satisfied with their functions. The extrinsic motivation increase performance by incentives offered despite of potential risks of dissatisfaction when rewards are not offered (Cherry, 2022). In Clean Quarter, the best practice can include mixing intrinsic rewards for developing ownership with employees rewarded for achieving while extrinsic reinforcing appropriate behaviours hence increased performance. Maslow’s Motivation Theory In line with this theory, it is informed by assumption that individuals motivation is for achieving specific needs. In line with Cherry (2022a), physiological needs such as food and water need to be achieved prior their safety, love and self-esteem and self-actualisation demands. The motivation is guided by work to achieve the subsequent level of needs. Satisfaction in every level of the pyramid lead to self-fulfilment and driving performance. The Maslow theory is used in supporting the relationship of rewards and performance. In line with Maslow Theory, it is informed by need to fulfil low levels expectations by extrinsic rewards assisting driving motivation for achieving improved growth level (HRDQ Staff, 2022).
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Explain the reasons for treating employees fairly in relation to pay. (AC5.3)If you use secondary sources you should include your short references in the narrative here. Wordcount: Approximately 250 words. |
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- The purpose of this project is to evaluate supply chain automation by leveraging Industry 4.0 technologies. The identified technologies include Artificial Intelligence (AI) and Machine Learning (ML) noted as critical for streamlining operations and obtaining value-for-money outcomes. This has been pursued by focusing on Wood Plc.
- To conclude, the generated findings of this report evidence WPC is today adopting the application of iSourcing in their procurement and supply management (PS&M).
- In the current project, through an evaluation of options for automation of the organization PS&M, the findings evidence the existence of different limitations hindering the success of their system. The issues of cost overruns, lack of collaboration, and inefficient supply chain as the organization is expanding its current operations have been noted to include limitations of their current sourcing.
- Success in the automation of their supply chain has been identified to lead to the following outcomes;
- Organisation achievement owing to automation of their supply chain, increased confidence and capability, talent management, and employee competency
- Improved stakeholders relations (a later section of stakeholders analysis) easing the change process. Through the iSourcing improvement, WPC would be in a position of harnessing technical and commercial evaluation processes.
- Increased and robust systems and policies which mitigate overall gaps in sourcing system transformation
- Today, only lower than 10% of the entire WPC resources are used to prioritize automation and IT integration successfully. Automation would improve the use of resources in their operations
- Involve their IT and finance departments to ensure within a period of 6 months they
- WPC needs to consider embracing sustainable practices as part of investing in their Industry 4.0 technologies
- Through the adoption of automation, better communication systems backed by AI and ML would be introduced to achieve 70% increased communication effectiveness.
- It is important to increase this through increasing collaboration and alignment of all their interests holistically
- Partnering with institutions for the provision of capacity development opportunities for the PS&M teams and other organizations for the success of the automation process
- Expanding their sourcing of Industry 4.0 technologies. This is to involve highly reputable global companies hence efficient operations and integration of AI
- Source of support from the government to ensure that they are facilitated in terms of policies and appropriate regulations to guide the automation process.