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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 organisation, 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 organisation. You have to justify the need to change the current practices. You could include in your analysis, a comparison of practice in your own organisation with industry best practice or with practice in another organisation.
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 what could be done to bring about improvement and the benefits your organisation will achieve when this is done.
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This paper will show the concept of the issues and detail analysis of the problem is discussed in the article. The article will also provide adequate information on the problem that is faced by Telstra and also the requirement for the improvement of the issues in the organization. Furthermore, the report will contain the recommendation to cope up with the issues present in the organization. One of the best strategic measures is to enhance the communication processes among the employees as it gives rise to towards the contribution made by each of the employees and figures out the goals of the firm in a transparent manner. This is also described in the paper.
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The recommendations should follow logically from the analysis above.You could include in your analysis, a comparison of practice in your own organisation with industry best practice or with practice in another organisation. .An explanation of what could be done to bring about improvement.
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