E2 - 5. Managing the Workplace Environment Flashcards
What is employee alignment?
Linking organisational goals to employees’ personal goals
What does employee alignment achieve?
Higher employee engagement and satisfaction
How is employee alignment achieved?
Target setting and appraisal
What are Drucker’s 4 areas of objective setting?
- Profitability
- Management performance
- Worker performance
- Public responsibility
What are the 6 key steps in management by objectives?
- Set SMART objectives (quantifiable)
- Communicate objectives and tasks
- Allocate tasks and resources
- Communicate clearly
- Measure performance against target
- Carry out appraisal and review targets
What are the 4 areas of Kaplan and Norton’s Balanced Scorecard?
Financial
Customer
Internal Processes
Innovation and Learning
What is an appraisal?
A systematic review and assessment of an employee’s performance, potential and training needs
What are the 3 purposes of appraisals?
- Reward review
- Performance review (training)
- Potential review (career)
What are the 3 key forms of appraisal?
- Management led
- Self appraisal
- Multisource
What are the 5 most common causes of ineffective appraisal?
- Confrontation
- Judgement
3 Bureaucracy - Informal chat
- Annual event
What are the 4 categories of rewarding good performance?
- Performance related pay
- Profit-based
- Equity-based
- Non financial (intrinsic)
What are the 3 watch points for performance related pay?
- Ensure objectives are SMART
- Ensure objectives are in employee control
- Danger than employees focus on PRP related objectives, not wider
What are the 2 watch points for profit related rewards?
- Employees feel too distant to influence
2. Might lead to short term decision making
What is the main benefit of equity related reward?
Promotes interest in long term growth of the company
What are 4 common causes of disciplinary procedures?
- Absenteeism
- Breach of regulations
- Improper conduct
- Poor timekeeping
What are 3 approaches to resolving disciplinary issues?
- Conciliation
- Mediation
- Arbitration