HR Definitions - Workforce Performance Flashcards
Define appraisal
A formal assessment of an employee’s performance
Define managerial assessment
A method of appraisal where a manager examines and evaluates an employee’s performance
Define self-assessment
Employees asses their own performance, often using a tick sheet to grade aspects of their work. Could be a stand alone method or in advance of a managerial appraisal
Define peer assessment
When the appraisal is carried out by a work colleague
Define 360° appraisal
Involves an employee receiving feedback from several people in the organisation. More appropriate for staff who work in large businesses within multiple teams
Define labour turnover
Concerned with measuring the number of employees who have left the business
Define absenteeism
Employees are absent from work with minor medical ailments - could be an indicator of low morale and motivation levels
Define late arrivals
The percentage of times employees are not punctual for their shift
Define workforce productivity
A measure of output per employee in a particular period of time - indicator of employee performance
Define holiday entitlement
The UK statutory minimum is 28 days (inc. Bank Holidays) - can offer above this (average is 33.5 days)
Define performance related pay
A financial reward to employees whose work is considered to have reached a required standard and/or above average. Generally used when work cannot be measured in terms of output