HRM Performance Management

Question 1

What is the effect of Performance Management?

Answer 1

If it’s done properly, it is the missing link that can transform the vision and mission statement into action.

Question 2

What are Traditional Performance Appraisals?

Answer 2

People were accounted for past behaviors instead of performance development. Emphasis on financial rewards or punishments. Only annual evaluation; focus on performance appraisal; superiors evaluate.

Question 3

What are Current Performance Appraisals?

Answer 3

Frequent feedback instead of annual; focus on the future; has an emphasis on coaching and development; superiors are also evaluated.

Question 4

Great managers are…

Answer 4

1. Good coaches;
2. Delegate;
3. Create inclusiveness in teams;
4. Productive;
5. Results-oriented;
6. Good communicators
7. Have a Clear strategy;
8. Collaborative;
9. Competent in providing team orientation
10. Good decision-makers

Question 5

Why is The Third Way (Ratings) important in some cases?

Answer 5

Informal feedback and coaching are not appropriate for all sectors. Ratings, instead, may create healthy competition, based on performance and competencies. Going back to formal appraisal but keeping quarterly conversations