HBO FINALS(PERFORMANCE MANAGEMENT AND REWARDS)

Question 1

Refers to procedures and systems designed to improve employee outputs and performance, often through use of economic incentives.
A strategic approach to creating and sustaining improved performance in employees, leading to an increase in the effectiveness of companies.

Answer 1

Performance Management

Question 2

Employing the right people at a right place and at a right time. An operation of recruiting employees by evaluating their skills, knowledge, and then offering them specific job roles accordingly. The main goal of staff is to fill the various roles within the company with suitable candidates.

Answer 2

Staffing

Question 3

Types of Staffing

Answer 3

Job Analysis
Recruitment
Selection
Orientation
Placement

Question 4

Training and Career Planning Development

Answer 4

Training
Development
Career Management

Question 5

To meet the current jobs

Answer 5

Training

Question 6

To meet current and future jobs. For employees to learn and grow.

Answer 6

Development

Question 7

Investing resources for personal goal. Meeting of individual goal and organization goal.

Answer 7

Career Management

Question 8

Types of Performance

Answer 8

*Employment Status
*Employment Period
*Performance Appraisal
*Feedback
*Performance Improvement
*End of Employment

Question 9

Rates to how individuals perform in their job duties. The accomplishment of the assigned tasks at work.

Answer 9

Performance

Question 10

Process of evaluating the performance of employees, sharing information with them, and searching ways to improve performance.

Answer 10

Performance Appraisal

Question 11

Functions of Performance Appraisal

Answer 11

*To give employees feedback on performance.
*To identify the employees development needs.
*To make promotion and rewards decisions.
*To make demotion and termination decisions.
*To develop information about the organizations selection and placement decisions.

Question 12

Criteria for Performance Appraisal

Answer 12

*Individual Task Outcomes
*Behaviors in dealing with the jobs
*Personal Traits

Question 13

The process of Performance Appraisal

Answer 13

*Establishment of performance standards.
*Mutually set measurable goals.
*Measure actual performance.
*Compare actual performance with standards.
*Discuss the appraisal with the employee.
*If necessary, initiate corrective action.

Question 14

Methods of Performance Appraisal

Answer 14

*Absolute Standards
*Objectives
*Relative Standards

Question 15

Errors in Performance Appraisal

Answer 15

*Halo Error
*Leniency Error
*Central Tendency Error
*Recency Error
*Personal Bias Error

Question 16

An incentive plan to reinforce the desirable behavior of workers or employers and in return for their service to the organization.

Answer 16

Rewards

Question 17

Types of Organizational Incentives

Answer 17

*Intrinsic or Extrinsic
*Financial or Non-Financial
*Performance-based or membership based