Advanced Certificate in Future Ready Rewards Strategies Module 5: The New Pay for Performance (P4P)
Training Provider: SINGAPORE MANAGEMENT UNIVERSITY
Course Reference: TGS-2023021251
S$600
Original: S$2,000
Save S$1,400
About This Course
Learning Objectives:
At the end of this 2-day module, participants will be able to:
• gain a deeper understanding of motivation and what drives employee engagement and performance
• diagnose and evaluate the effectiveness and gaps of the conventional performance management program in organisations
• use OKR (Objectives and Key Results) as the framework to design an agile pay-for-performance program that promotes ownership among employees and their managers
• synthesise metrics that would provide an ongoing review of the effectiveness of the program
What You'll Learn
Paying for performance (P4P) has been the main principle that organisations use to determine how employees should be paid and rewarded for what they can achieve through the performance management program. However, research has shown that there is a huge dissatisfaction among employees on the effectiveness of such program, with many lamenting they feel demotivated instead.
In this module, we will take a fundamental look at motivation and what motivates us as individuals and how this can be applied to re-designing the pay for performance, to bring the best out of our employees in a sustainable and participative way.
In this module, we will take a fundamental look at motivation and what motivates us as individuals and how this can be applied to re-designing the pay for performance, to bring the best out of our employees in a sustainable and participative way.
Entry Requirements
A diploma
Course Details
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