Case Study of SWEPCO Trading Ltd, Malaysia: Linking Organizational Commitment to the Performance Management System and the Short Term Incentives Plan.
Keywords:
Performance Management, employee motivation, organizational commitment, performance and motivation of employeesAbstract
Performance Management and the Organizational Reward Strategy have a linear influence to the employee motivations which would demonstrably be used to promote the organizational value proposition in their retention strategy. This can be seen as part of the employee motivation and organizational commitment to ensure that the performance management system remains a significant valuing the rewards and incentive plan. The design of the rewards and the strategy would subject to the organizational commitment and compensation trend benchmark to the industry practices. Evaluating the current scenario, the performance management system in this context shall be observed as the instrument that assess the employee performance which has direct linkages to the relevant performance management consequence and reward strategy. This is part of the motivational incentives that promote differentiated rewards system based on performance merit of the individual. The performance descriptors have to be clearly defined to ensure comprehensiveness of the targeted deliverables and the employee shall be able to understand the implications and the reward linked to the individual performance. This case study provides insight into the adoption of the short term incentive plan as strategic initiative that enhance the performance and motivation of employees in SWEPCO Trading (UK)* Ltd is an international Oil Trading company. (SWEPCO Trading UK*: the name of the company is changed for anonymity and confidentiality)
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