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Performance management, as well as a reward system in place, are core to the organizational success. Both are crucial to retaining valuable talent, a cornerstone of any organization. However, as you will understand throughout the module, both of those functions are heavily affected by cultural differences and a performance or reward system that works in one country might not necessarily work in the other country.
Therefore, you are tasked to select a country that you are familiar with, it can be a country where you reside or originate from, and discuss the most important features that a both, a reward and a performance system should consider. Please illustrate your points by presenting examples of organizational practice in a selected country and recommend how performance management and rewards should look like.
Your initial contribution to the Discussion Forum should be between 300-500 words and should draw on academic literature and industry knowledge. Throughout the period of 2 weeks you should post a minimum of 5 and a maximum of 10 times within the discussion forum sharing organizational practices and drawing on academic literature.
Critically evaluate contemporary research in the field of human resource management (HRM)
Critically discuss the differences between HRM strategies, orientations and cross-cultural differences in a global context
Debate and critically evaluate the characteristics of effective resourcing and talent management and the methods used to attract, recruit and retain people in global organisations
Critically discuss the aims and objectives of performance management within organisations
Critically examine the employment relationship and ensure HRM is promoted in an ethical manner