performance management Flashcards
what is performance management
the systems used to improve organisational, functional and individual performance through linking the objectives of each.
what is performance appraisal
measures how well an employee has performed, provides feedback to employees and establishes plans to improve performance.
what is self evaluation
an employee self assesses predetermined objectives and their contribution to their business team or unit.
what is management by objectives
involves participative goal setting where the manager and the employee set employee goals at the beginning of the review period.
why is MBO important
when employees are actively involved, they are more likely to understand their responsibilities and the results expected of them.
what is S.M.A.R.T
specific, measurable, achievable, relevant, timely
advantages of MBO
both manager and employee being aware of expected objectives and standards.
disadvantages of MBO
it can be time consuming for a manager to sit down with each employee and discuss individual objectives.
