Performance appraisals are done to review the performance of an employee in a particular past period of time and also to assess his/her capabilities and capacity to deliver the work on time.
1. Relevance: Performance Appraisals must be relevant to the underlying job that an employee do and not to any other unprofessional items.
2. Acceptance: Performance Appraisals must be designed in such a way that they are accepted to all. Joint participation is needed for the preparation of these appraisals.
3. Stability and Consistency: Appraisals should be reliable in the sense that if an employee is assessed by two different persons then the final outcome derived by those two persons should be same.
4. A good Performance Appraisal is unbiased to all employees.
5. It helps in the improvement of an employee in terms of the job performance. Enhances the capabilities and skills.
6. Appraisals are helpful in determining employee promotion or giving them the salary hikes.
7. It helps in building a good work culture in an organization
Explain the difference between objective and subjective performance appraisals, and describe 360-degree feedback appraisal, forced ranking, and formal versus informal performance feedback.
Why do managers hate conducting performance appraisals?
Describe the characteristics of performance-driven team. Describe the difference between intrinsic and extrinsic motivation and explain why it is important in understanding the types of motivation when it comes to team performance.
Describe the characteristics of performance-driven team. Describe the difference between intrinsic and extrinsic motivation and explain why it is important in understanding the types of motivation when it comes to team performance.
Describe the characteristics of performance-driven team. Describe the difference between intrinsic and extrinsic motivation and explain why it is important in understanding the types of motivation when it comes to team performance.
Describe the characteristics of performance-driven team. Describe the difference between intrinsic and extrinsic motivation and explain why it is important in understanding the types of motivation when it comes to team performance.
Describe the characteristics of performance-driven team. Describe the difference between intrinsic and extrinsic motivation and explain why it is important in understanding the types of motivation when it comes to team performance.
Name THREE ways performance appraisals can be beneficial to either the employee or the facility.
Please describe what are the basic characteristics and types of bonds, stock and derivatives
1) Describe the basic characteristics of the monopoly model and explain how these characteristics affect the ability of a monopolist to earn positive economic profits, both in the short run and over time. 2) Compare and contrast the outcomes with respect to price and output in a monopolistically competitive market and a perfectly competitive market. In which situation are consumers better off? Why?