HRM3703 Assignment 2
Semester 22022
, Stuvia.com - The study-notes marketplace
Question 1
a) Discuss the role of performance management in establishing and maintaining
corporate culture. Refer specifically to the organisation in the case study.
The role of performance management in establishing and maintaining corporate culture
is known for known for its main goal of improving employee performance. With regard to
maintaining corporate culture, it is argued that through the performance management
process, a corporate culture can be developed and maintained. This entails performance
planning, performance observation and positive feedback and corrective feedback. With
Grandview Global Financial Services operating in 45 locations across the world, it is
apparent that having a unified corporate culture is not a simple task.
This is arguably true because each of the 45 locations developed its own performance
management tools, which actually reflect the national culture including the past
experiences the past experiences of local employees. This reflected a great challenge in
the effort of developed a unified, corporate culture. In this regard performance
management can be argued to play a critical role especially if the Grandview wants to
move away from local performance management systems. Performance management
systems and rewards would support a more unified culture and also help Grandview’s
corporate strategy into individual performance plans worldwide.
b) Discuss the role of compensation and benefits in establishing and maintaining
corporate culture at Grandview Global Financial Services Inc.
Compensation systems such as base pay, short-term and long-term incentives,
perquisites, merit pay, attraction and retention rewards and recognition awards play a
critical role in establishing and maintaining corporate culture. Most importantly, each of
these systems is built around specific processes, which in the case of Grandview, would
help it come up with central hierarchy of value and individual job price for all branches
across the globe. Additionally, it is also apparent that Grandview adopted compensation
systems in all branches, a culture of attraction and retention of the employees will be
assured.
On the other hand, benefits are argued to ensure that employees enjoy working in the
organisation since that are assured of continued income after retirement, they Disclaimer
can
Extreme care has been used to create this document, however the contents are provided “as is”
without any representations or warranties, express or implied. The author assumes no liability as
a result of reliance and use of the contents of this document. This document is to be used for
comparison, research and reference purposes ONLY. No part of this document may be
reproduced, resold or transmitted in any form or by any means.
Downloaded by: M | M
Distribution of this document is illegal
Semester 22022
, Stuvia.com - The study-notes marketplace
Question 1
a) Discuss the role of performance management in establishing and maintaining
corporate culture. Refer specifically to the organisation in the case study.
The role of performance management in establishing and maintaining corporate culture
is known for known for its main goal of improving employee performance. With regard to
maintaining corporate culture, it is argued that through the performance management
process, a corporate culture can be developed and maintained. This entails performance
planning, performance observation and positive feedback and corrective feedback. With
Grandview Global Financial Services operating in 45 locations across the world, it is
apparent that having a unified corporate culture is not a simple task.
This is arguably true because each of the 45 locations developed its own performance
management tools, which actually reflect the national culture including the past
experiences the past experiences of local employees. This reflected a great challenge in
the effort of developed a unified, corporate culture. In this regard performance
management can be argued to play a critical role especially if the Grandview wants to
move away from local performance management systems. Performance management
systems and rewards would support a more unified culture and also help Grandview’s
corporate strategy into individual performance plans worldwide.
b) Discuss the role of compensation and benefits in establishing and maintaining
corporate culture at Grandview Global Financial Services Inc.
Compensation systems such as base pay, short-term and long-term incentives,
perquisites, merit pay, attraction and retention rewards and recognition awards play a
critical role in establishing and maintaining corporate culture. Most importantly, each of
these systems is built around specific processes, which in the case of Grandview, would
help it come up with central hierarchy of value and individual job price for all branches
across the globe. Additionally, it is also apparent that Grandview adopted compensation
systems in all branches, a culture of attraction and retention of the employees will be
assured.
On the other hand, benefits are argued to ensure that employees enjoy working in the
organisation since that are assured of continued income after retirement, they Disclaimer
can
Extreme care has been used to create this document, however the contents are provided “as is”
without any representations or warranties, express or implied. The author assumes no liability as
a result of reliance and use of the contents of this document. This document is to be used for
comparison, research and reference purposes ONLY. No part of this document may be
reproduced, resold or transmitted in any form or by any means.
Downloaded by: M | M
Distribution of this document is illegal
