Final answer:
The relationship between effort, performance, rewards, and individual goals is central to career success. Performance evaluations help reconcile past goals with future aspirations. Rewards are both a motivation and a reflection of individual contributions and achievements.
Step-by-step explanation:
The relationship between effort, performance, rewards, and individual goals is intricately connected with how individuals achieve success in their careers. The concept of effort suggests that the amount and intensity of work an individual puts into their tasks should be directly proportional to the rewards they receive. This can either be in the form of compensation or other types of recognition, which are usually based on the individual's performance and the achievement of their personal or work-related goals.
During a Performance Evaluation, it is essential to review whether the goals set for the period were met, exceeded, or not met, as this reflection helps align future work objectives. Goals should ideally be Relevant and result-based, ensuring that they align with the individual's willingness and capability to achieve them.
Moreover, one must consider that different factors could lead to career success, including innate ability, participation in activities, such as sports for college athletes, work ethic, and the nature of the rewards. The positive or negative impact of rewards, whether tangible like money or intangible like praise, can influence an individual's intrinsic and extrinsic motivation.
Theories like Theory X and Theory Y demonstrate different beliefs about employee motivation and the role of goals, with the latter supporting the idea that people are inherently motivated and satisfied when they take part in setting their own work goals rather than being micro-managed. An understanding of these theories can provide insight into how effort and rewards can shape the trajectory of an individual's success and the achievement of their goals.