How can performance management in modern enterprises be strengthened? Abstract Performance Management is one of the most important parts of Human Resource Management. As an indispensable method to strengthen management‚ Performance management has been adopted by many world-wide enterprises to make full use of resources and cultivate core competitiveness. However‚ limited by the poor business conditions‚ staff and many other factors‚ performance management in some
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Multidisciplinary Research Vol.2 Issue 6‚ June 2012‚ ISSN 2231 5780 PERFORMANCE APPRAISAL AS EMPLOYEE MOTIVATION MECHANISM IN SELECTED FINANCIAL INSTITUTIONS IN KUMASI‚ ASHANTI REGION OF GHANA DR. KOFI OSEI AKUOKO* *Vincent de Paul Kanwetuu‚ Department of Sociology and Social Work‚ Faculty of Social Sciences‚ College of Art and Social Work‚ Kwame Nkrumah University of Science and Technology‚ Kumasi‚ Ghana. ABSTRACT Performance appraisal system (PAS) has been viewed by academics and human resource
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comprehensive appraisal where the feedback about the employees’ performance comes from all the sources that come in contact with the employee on his job. 360 degree respondents for an employee can be his/her peers‚ managers (i.e. superior)‚ subordinates‚ team members‚ customers‚ suppliers/ vendors - anyone who comes into contact with the employee and can provide valuable insights and information or feedback regarding the "on-the-job" performance of the employee. 360degree appraisal has four integral components:
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Performance Appraisal Performance appraisal is widely conducted in organizations as they concerned about employees’ performance. (DeNisi‚2000) defines performance appraisal as “the system whereby an organization assigns some “score” to indicate the level of performance of a target person or group”. It is the process of evaluating the overall employee efficiency and the development in performance. Performance appraisal assesses the actual level of worker performance as well as understands the employee’s
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INTRODUCTION: Performance management is an art of achieving the objectives through the efforts of the people working within the organisation structure by utilising the available resources in the organisation effectively and efficiently by following different methods such as team alignment‚ organisation alignment‚ planning‚ controlling and directing etc. 1.1 Link between individual‚ team and organisational objective. Team is a group of people with a full with full set of skills which required
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The process of creating the pay structure depends on whether the pay is job-based‚ competency-based‚ or skill-based. The pay based on the results of a competency-based evaluation considers the level of competencies required for successful performance. In this method‚ the level of competencies values the job and the pay is based on the use of competence but not the results. The competency-based pay structure focuses on individuals. Salaries and raises are based on how well employees acquire the
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Covering Letter “PERFORMANCE APPRAISAL SYSTEM AND ITS EFFECTIVENESS IN AN ORGANISATION” TRAINING REPORT OF SUMMER TRAINING‚ UNDERTAKEN AT “FEDERAL MOGUL GOETZE INDIA LTD.‚ BAHADURGARH‚ PATIALA” SUBMITTED IN PARTIAL FULFILLMENT OF THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION COMPANY CERTIFICATE Gian Jyoti Institute of Management & Technology Page92 CERTIFICATE BY PROJECT GUIDE This is to certify that the project entitled”PERFORMANCE APPRAISAL SYSTEM AND ITS EFFECTIVENESS
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A PROJECT REPORT ON “PERFORMANCE APPRAISAL” SUBMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR MASTER OF COMMERCE (M. COM) MANAGEMENT GROUP SEMESTER-I IN HUMAN RESOURCE MANAGEMENT TO UNIVERSITY OF MUMBAI UNDER THE GUIDANCE OF PROF. JITENDRA AHAREKAR RIZVI EDUCATION SOCIETY’S RIZVI COLLEGE OF ARTS‚ COMMERCE & SCIENCE RIZVI COMPLEX‚ BANDRA (W)‚ MUMBAI-50 DECLARATION I‚ student of Master of Commerce (M.Com) in Management Group Semester-I‚ Rizvi College of Arts
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There are disadvantages/limitations of person focused pay systems. First‚ employers feel that the main drawback of person focused pay systems is that hourly labor costs‚ training costs‚ and overhead cost can all increase. Second‚ person focused pay systems may not mesh well with existing incentive pay systems. When both person focused and incentive pay systems are in operation‚ employees may not want to learn new skills when the pay increase associated with learning a new skill is less than an incentive
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Resources The Performance Appraisal Bob Jones June 23‚ 2012 Human Resources and the Performance Apprisal Human resources connects employers to employees. It is the heart of any organization where people are very important. This paper discusses an essential component of human resource management: the employee performance appraisal. The purpose of this paper is to review the vital components of employee performance management thorough the employee performance appraisal
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