Professional Documents
Culture Documents
Introduction To Performance and Compensation
Introduction To Performance and Compensation
MANAGEMENT
NOMAN H. MALIK
COMPONENTS OF A HR MANAGEMENT SYSTEM
LEARNING OBJECTIVES
•
•
•
•
•
•
•
PERFORMANCE MANAGEMENT: DEFINITION
o
o
o
o
PERFORMANCE MANAGEMENT STAGES
PURPOSES OF PERFORMANCE MANAGEMENT
o
PERFORMANCE
MANAGEMENT
VS.
PERFORMANCE
APPRAISAL
PM IS NOT PERFORMANCE APPRAISAL
o o
o
o
CONTRIBUTIONS OF PM SYSTEMS
.
CONTRIBUTIONS OF PM SYSTEMS
.
REWARD SYSTEMS: DEFINITION
o
o
TANGIBLE RETURNS
o
o
TANGIBLE RETURNS
o
o
TANGIBLE RETURNS
o
o
o
TANGIBLE RETURNS
o
o
INTANGIBLE RETURNS
o
o
RETURNS AND THEIR DEGREE OF DEPENDENCY ON THE
PERFORMANCE MANAGEMENT SYSTEM
Return
ROLE OF PM SYSTEMS
•
•
STRATEGIC PURPOSE
ADMINISTRATIVE PURPOSE
INFORMATIONAL PURPOSE
DEVELOPMENTAL PURPOSE
ORGANIZATIONAL MAINTENANCE PURPOSE
DOCUMENTATION PURPOSE
CHARACTERISTICS OF AN IDEAL PM SYSTEM
CONGRUENT WITH ORGANIZATIONAL STRATEGY
Thorough
PRACTICAL
Meaningful
SPECIFIC
RELIABLE
Valid
ACCEPTABLE AND FAIR
o
o
INCLUSIVE
o
o
OPEN (NO SECRETS)
Ethical
INTEGRATION WITH OTHER HUMAN RESOURCES
AND DEVELOPMENT ACTIVITIES
Questions & Answers
THANK YOU
NOMAN H. MALIK
Course Instructor