Motivating to Perform in the Workplace
Work Based Assignment
Worked Based Assignment M3.13 -- Motivating to Perform in the Workplace
Worked Based Assignment M3.13 -- Motivating to Perform in the Workplace
Like any other manufacturing or services industry, construction industry is also exposed to certain market challenges and a stiff competition among its participants. In order to stay competitive and ensure a sustainable future, construction companies have to strive for their continuous financial growth and high level of operational performance. The biggest part in the success of a company is played by its most precious asset -- the Human Capital. In a construction industry, human resource may be composed of personnel from various fields and specialties. Generally, a medium size construction company employs lower level laborers to highly experienced engineers in its development and construction projects. The number of employees and their tenure of employment depend upon the scale and complexity of different projects which the company undertakes from time to time (Rounds & Segner, 2011).
A construction company may assess the performance of its employees through formal or informal means. Formal means may include TQM practices, Cost Control and Budgetary Objectives, Response to technological changes, Management by Objectives (MBO), etc. Total Quality Management (TQM) is the most effective way of assessing the organizational performance. It is basically a process by which the Management ensures the highest quality of business operations through various work-related...
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