MANAGING EMPLOYEES - 2B Flashcards
define training
aimed at improving an employees skills, knowledge, attitudes and behaviour to allow employees to do these jobs more efficiently than before
define on the job training
learning from exisiting employees on an employees current job, how to perform the job more efficiently
examples of on the job training
coaching
mentoring
job rotation
job shadowing
advantages of on the job training
reduced cost
learning skills directly related to job
disadvantages of on the job training
may learn bad habits
unlikely to learn broader skills
define off the job training
learning from professional instructors away from the business as to how employee can perform more efficiently
examples of off the job training
conferences
lectures
simulations
workshops
advantages of off the job training
less likely to be distracted by current workers
develops employee morale
disadvantages of off the job training
increased cost of program
cost because employee absent from work
define performance management
process used to evaluate and improve individual and business performance
what are the 4 performance management skills
management by objectives
performance appraisal
self evaluation
employee observation
define management by objectives
program where manager and employees collaboratively set clear objectives
advantage/disadvantage of MBO
builds strong relationships
time consuming
define performance appraisal
measures an employees performance, provides feedback and develops new objectives
advantage/disadvantage of performance appraisal
tells employee what they are doing wrong
could develop discrepancies
define self evaluation
employees assess their own performance related to predetermined objectives
advantage/disadvantage self evaluation
opportunity for building relationships between manager and employee
consistency low due to peoples self confidence
define employee observation
employees performance is evaluated by watching them in action using 360 degree feedback
what is 360 degree feedback
feedback given from all different stakeholders that have different contact with employee
advantage/disadvantage of employee observation
better assessment due to real life viewing
employees may be nervous decreasing performance
define termination
employee leaves a particular workplace, ending the employment relationship
two types of termination
voluntary and involuntary
define retirement
employee decides to leave business. business must help in this transition
entitlement and transition issues of retirement
employees entitled to any acured benefits, employee gradually transitions into retirement