Performance management involves evaluating employee performance using tools like 360 degree feedback and performance appraisals, which are criticized for being subjective. 360 degree feedback collects evaluations from an employee's subordinates, peers and managers to provide a more well-rounded view. While this technique provides broader perspectives, it also has drawbacks like increased workload and bias. Performance-related pay ties an employee's compensation to their performance evaluation, with the goal of improving motivation and firm performance. However, such reward systems have limitations like difficulties in objective measurement and unintended consequences that reduce performance.
Performance management involves evaluating employee performance using tools like 360 degree feedback and performance appraisals, which are criticized for being subjective. 360 degree feedback collects evaluations from an employee's subordinates, peers and managers to provide a more well-rounded view. While this technique provides broader perspectives, it also has drawbacks like increased workload and bias. Performance-related pay ties an employee's compensation to their performance evaluation, with the goal of improving motivation and firm performance. However, such reward systems have limitations like difficulties in objective measurement and unintended consequences that reduce performance.
Performance management involves evaluating employee performance using tools like 360 degree feedback and performance appraisals, which are criticized for being subjective. 360 degree feedback collects evaluations from an employee's subordinates, peers and managers to provide a more well-rounded view. While this technique provides broader perspectives, it also has drawbacks like increased workload and bias. Performance-related pay ties an employee's compensation to their performance evaluation, with the goal of improving motivation and firm performance. However, such reward systems have limitations like difficulties in objective measurement and unintended consequences that reduce performance.
Performance management effectiveness lessons from world leading firms.pdf
Using the 360 multisource feedback model to evaluate teaching and professionalism.pdf
The dilemma of performance appraisal.pdf
Points to look out for: 1. What is a performance management system, and why is it important? 2. Define 'performance appraisal'. Outline the criticisms of appraisal. 3. Define and explain 360 degree performance assessment. What are the arguments for and against using such technique? Reward Management
Perf-related pay and firm performance.pdf
Perf-related pay and work motivation.pdf
Perf-related pay in the public sector.pdf
Perf-related pay and performance of doctors.pdf
Points to look out for: 1. What is performance-related pay? 2. Discuss reasons for tying pay to performance. 2. Discuss the limitations of using such reward system.