Performance Management Flashcards
Decisions made by managers based on a perception about performance of an employee
- Get a long-term contract after the probation period
- Be promoted
- Given a merit raise in pay or bonus
- Be made redundant
- Receive training and development for further advancement.
Performance management
Systematic process of identifying, measuring, managing and developing the performance of Human resource in an organization.
Performance appraisal
Part of the Pm that identifies, measures and evaluates the employee’s performance and then discusses it with the employee.
Evaluating an employee’s current or past performance in reference to their performance standards, sharing the info and looking for ways to improve.
PA v PM
PA formal assesment with employee rating, evaluation and review
PM more continuous and comprehensive where management clarifies mutual expectations and emphasizes the managers guiding and supportive role.
Steps in Performance appraisal
- Establishment of performance standards.
- Mutually set measurable goals.
- Measurement of performance
- Comparison of Actual performance with set standards
- Discussion of the appraisal with the employee
- Identification and initiation of action.
Establishing performance standards
According to company objectives and strategic goals and should be derived from the job description and analysis.
Communicate expectations
Communicate the mutually set goals and expectations to avoid confusion and guessing.
Measure actual performance
Have actual information about the performance in order to know exactly what it is and be critical to the evaluation process.
Compare actual performance with standards.
Noting deviations between the set standard of performance and the actual performance and the explanation given .
This info gives a valuable feedback tool.
Discuss the appraisal with the employee
Present an accurate assessment to the employee discussion the subordinate’s performance and progress.
Initiate corrective action if necessary.
Immediate corrective action- putting out fires- corrects problems such as mistakes in procedures and gets employee right on track.
Basis corrective action- ask how and why performance deviated from expectations and provided training activities to improve the performance.
Appraisal methods
- Absolute standards- employees are compared to a standard and their evaluation is independent of any other employee.
- Relative standards- Compares employees against other employees-
- Outcomes- achieved performance outcome. Evaluated based on how they accomplished a specific set of objectives detrimental to completion of their job.
Training in the workplace
Increase employee productivity and in turn increase company profitability, productivity and adaptability.
Why Train employees?
- Maintain high quality
- Improve technical capacity of individuals on job performance.
- Improve productivity level in the organization.
- Improve health an safety of the employee by reducing mistakes.
- Reduce spilt work.
- Prepare personnel for future job challenges.
- Refresh old staff
- Info for newcommers
How do companies select training methods?
- Cost
- Ease of presentation
- Likely influence of the employee
- Availability of trainers