Provide a 12 pages analysis while answering the following question: Performance and reward management. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is

Provide a 12 pages analysis while answering the following question: Performance and reward management. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. The challenge to any organisation is to formulate a fair reward system that can motivate employees to work with enthusiasm. In the present context, implementation of proper incentive system along with well defined performance appraisal system is primarily convened by HR personnel. Reward management is important in order to achieve organisational strategies, to build up the psychological bond with employees and to act in accordance with legislation. Reward management is related with performance appraisal of an organisation as it motivates employees to perform better day-by-day. Performance appraisal is the other tool to measure performance of employees which increases motivation level and determines the training needs among others. By implementing reward system in an organisation and recruiting the best talents of the industry and by retaining the top performers’, competitive advantage can be maintained.