Zawabi LLC is an automobile company based in Muscat. The company has introduced a performance management process as part of its performance management system in order to increase the profitability of the company. Performance review meetings are regularly conducted regularly with employees in order to assess their progress in attainment of goals. Performance information about employees is regularly gathered from numerous sources. As part of the rewards system a contingent pay plan has been devised in order to motivate employees. The company has taken care to abide by various legal principles while introducing the performance management process. Thus the company hopes that with the above measures it will be successful in its endeavor to make the company and employee more productive and motivated.
Based on the above scenario prepare a comprehensive report (word limit: 2000 (+/- 10%) words) including the following:
1. Critically discuss the components of performance management process along with a relevant diagram
2. Discuss the concept of performance review meetings. Suggest how performance review meetings can be made more effective.
3. Evaluate the sources of gathering performance information. Support your arguments with relevant examples.
4. Discuss the concept of rewards with emphasis on making rewards more effective. Differentiate traditional and contingent pay plans and elaborate the reasons for introducing contingent pay plans. Support your answer with relevant examples.
5. Evaluate the importance of legal principles affecting performance management.
