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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Background of the study Small and Medium Scale Enterprises (SME) have played important roles in the development process in most of the developed economies‚ and proven to be one of the most viable sectors with economic growth potential. The successes recorded by these countries were because of serious consideration of the future rewards from sustained investment in this sector. Due to their size and scope of operations‚ these enterprises require relatively small capital investment to start
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strategically use; pay‚ compensation‚ benefits and other rewards as effective performance management instruments to increase operational efficiency and enhance performance. It is very important for the organisation to attract‚ motivate and retain the best people who will be a key influence on its future success. Furthermore‚ in recent times‚ most members of the community believe that skilled people are an essential part of sustaining an organization’s long-term competitive advantage. So‚ successful pay‚
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MCRP 6-11: Sustaining the Transformation The Marine Corps reference publication (MCRP) Sustaining the Transformation discusses many different phases of the transformation from civilian to Marine. This publication describes a story of the difference in transformation between two brothers as they go through the first phases of their Marine Corps careers. The two brothers‚ Private James Smith and Private Tommy Smith‚ were never in the same company during boot camp and rarely saw each other
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million versus a net loss of 55.12 million in 2009 (Global Data‚ 2011). There are three key elements in which the company has to improve to continue making profit. First‚ resolve the Unfunded Employee Post-retirement Benefit plan to keep employees producing a good product and maintain a top level company/employee relationship. Secondly‚ intense competition in the motorcycle market has to be addressed if Harley Davidson plans to increase sales and profit‚ finally‚ competition is strong and the brand
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Understanding and Controlling Employee Turnover A Review of Relevant Literature Loris Raheem Pearson HR Strategic Planning‚ Spring II 2009 May 21‚ 2009 Contents Cover Page Page 1 Table of Contents Page 2 Abstract Page 3 Introduction Page 4 Cost of Employee Turnover Page 5 Investment in Human Capital Page 6 Compensation Page 7 Conclusion Page 8 References Page 9 Abstract This research paper is an examination of
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creativeness are definitely stand definitely at higher ground than those who don’t. As Heather McCune in her editorial on sustaining innovation says‚ “It is not about becoming a market leader. The work is about sustaining it.” Creating and supporting a culture of innovation thus becomes extremely important for an organization.
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management in these types of organizations should reward the employee for a job well done‚ or just a reminder to them that they do make a difference. Human service organizations are generally ran on a tight budget‚ so monetary rewards are not usually possible; the management must find other ways to reward the caring and dedicated staff that they employ. When creating a rewards system one needs to consider why they are rewarding the employee‚ do you reward employees for the daily aspects of the job
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Performance Appraisal U7a1 Johnnese Jones February 23‚ 2013 MHA-5022 Dr. Miller Abstract Performance appraisals are designed to give an objective on the evaluation of an employee’s performance and also outline the measures or development for improvement that would be essential to the organization to move ahead (Chandra & Frank‚ 2004). In the healthcare system‚ there is an unsatisfied measure that the outside companies are used to perform these appraisals. The staff would like to
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Research Paper Human 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
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