AOS 2.6 Flashcards
Management by objectives
both managers and employees collaboratively setting individual employee goals that contribute to the achievement of broader business objectives
Management by objectives (+)
+ Can create a positive working environment and strengthen corporate culture through achievement of employee
+ Employees are involved in the process of developing objectives and are more likely to be committed to achieving their goals
Management by objectives (-)
-If too many goals are set, employees may become stressed and overwhelmed, leading to a decrease in motivation and employee productivity
-Developing objectives may desire monetary rewards or promotions, increasing business expenses
Performance appraisals
involve a manager assessing the performance of an employee against a range of criteria, providing feedback and establishing plans for future improvements
Performance appraisals (+)
+ Communication between managers and employees during one-on-one reviews can improve workplace relationships
+ Results from performance appraisal process can outline areas where employees are struggling and training can be implemented to resolve issues
Performance appraisals (-)
- This process can be time consuming as managers individually review each employee’s performance
- Staff who perform well may desire a promotion or financial reward, increasing business expenses
Self-evaluation
involves an employee assessing their individual performance against a set of criteria
Self-evaluation (+)
+ The employer can gain insight into an employee’s understanding of their own strengths and weaknesses and assign work accordingly
+ Employees can increase their employability, as they highlight their own weaknesses to managers, which can lead to training opportunities and skill development
Self-evaluation (-)
- If an employee is biased or dishonest in assessing their performance, a manager will not gain reliable information
- Employees may underestimate or exaggerate their own skills, therefore the evaluation may not be reliable and accurate
Employee Observation
involves a range of employees from different levels of authority assessing another employee’s performance against a set of criteria
Employee observation (+)
+ Employees that are observing others may identify the strengths of other employees and then mimic this behaviour
+ Employees may be responsive to feedback provided by peers as they value their opinion
Employee Observation (-)
- Employees may feel stressed if they are made aware that they are being observed
- Making other staff assess an employee’s performance can disrupt their normal workflow and business productivity