PERFORMANCE AND COMPENSATION MANAGEMENT

    Order Description Assignment question.You are required to identify one specific performance management issue and one compensation management issue in your organisation or an organisation that you are familiar with.Your task is to write a report that includes the following:• A brief description of the organization, the performance management issue and the compensation management issue. It is highly desirable if the two issues are linked. This happens in most cases as many remuneration incentives are dependent on achieving performance objectives.• An analysis of the performance management issue and an analysis of the compensation management issue. Describe the two issues using relevant performance and compensation management concepts. Explain in detail why the issues need to be improved in the organization. You have to justify the need to change the current practices. You could include in your analysis, a comparison of practice in your own organization with industry best practice or with practice in another organization.• An explanation of what could be done to bring about improvement. Write a set of recommendations that contribute to improvement and change. Explain and justify that could be done to bring about improvement and the benefits your organization will achieve when this is done. The recommendations should follow logically from the analysis above.   1. Assignment questionYou are required to identify one specific performance management issue and one compensation management issue in your organisation or an organisation that you are familiar with.Your task is to write a report that includes the following:• A brief description of the organization, the performance management issue and the compensation management issue. It is highly desirable if the two issues are linked. This happens in most cases as many remuneration incentives are dependent on achieving performance objectives.• An analysis of the performance management issue and an analysis of the compensation management issue. Describe the two issues using relevant performance and compensation management concepts. Explain in detail why the issues need to be improved in the organization. You have to justify the need to change the current practices. You could include in your analysis, a comparison of practice in your own organization with industry best practice or with practice in another organization.• An explanation of what could be done to bring about improvement. Write a set of recommendations that contribute to improvement and change. Explain and justify that could be done to bring about improvement and the benefits your organization will achieve when this is done. The recommendations should follow logically from the analysis above.