Explain the concept of tying performance to organizational goals.

Task Name: Phase 3 Individual Project
Deliverable Length: 800–1,000 words
Details: Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

A strategic purpose for a well-blended compensation program, one that includes various types of direct compensation, is gaining employee commitment and productivity. One of the most effective tactics for this strategy is designing a process for linking individual achievement to organizational goals.

Prepare a report to senior leaders addressing the following:

  • Explain the concept of tying performance to organizational goals.
  • Describe the different types of individual and group-level performance measurements.
  • What are the advantages and disadvantages of individual versus group-level performance recognition?
  • Discuss the options an organization has to link individual or group monetary rewards to organizational success.
  • Develop recommendations for how to implement, monitor, and evaluate such a program.