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HRM and Performance Appraisal Process: Assignment

   

Added on  2021-02-20

21 Pages6394 Words113 Views
HRM and PerformanceAppraisal Process

EXECUTIVE SUMMARY:This project which is based on a case of improving performance appraisal process forproviding a fair promotion opportunity. It has shown reasons and consequences of unfairperformance appraisal. For removing the problem which financial security investment is facing,HR recommended some ways of improving the process along with criteria on which basisperformance of employees will be measured.

TABLE OF CONTENTSEXECUTIVE SUMMARY:............................................................................................................2INTRODUCTION...........................................................................................................................4PROJECT 1......................................................................................................................................5Evaluation of current performance appraisal process at the financial security investment........5Recommendation of changes need to improve the process of performance appraisal................8Development a goal setting table with 3 deliverables...............................................................10Analyses of which HRM area is involved in this case..............................................................11PROJECT 2....................................................................................................................................131. a) Job Analysis......................................................................................................................13b) 4 stages of job analysis.........................................................................................................13c) Job analysis investigation......................................................................................................142. a) Organisational empowerment...........................................................................................14b) Strategies adopted for empowerment...................................................................................15c) Some of the top empowerment activities followed in UK....................................................15d) Obstacles in empowerment...................................................................................................163. Employee engagement in a company....................................................................................164. a) HR manager strategies to hire staffing officer..................................................................17b) Recruitment process..............................................................................................................185. a) Requirement for change and steps involved in the change...............................................19b) Resistance and reasons for minimising resistance................................................................19CONCLUSION..............................................................................................................................20REFERENCES..............................................................................................................................21

INTRODUCTIONHRM and performance appraisal process plays an important role as it helps the companyin motivating employees by promoting them on the basis of measuring their actual performancewith desired or established standards. Organizational empowerment is a procedure of makingable to employees to adopt new behaviors and work collaboratively to improve products andservice quality (Noe and et.al., 2017). Present study will be divided in 2 projects. Project 1 isbased on a case and project 2 is question based. The focus on both projects in upon performanceappraisal issue and job analysis. Project 1 will show about the importance of performanceappraisal process as it helps the company to give fair and equal opportunity and appraisal on thebasis of their actual performance. It will also discuss 2 changes related to performance appraisalalong with goal setting table with 3 deliverable. All these documents help Financial SecurityInvestments to care and give a fair promotion opportunity to employees.Project second is going to explain about job analysis along with information’s required in jobanalysing investigation. This project shows more about the importance of organizationalempowerment that helps an organization for developing talent and transforming an attractiveworking culture. Further, it will also discuss employee engagement and their relationship withrecruitment process. An effective process of recruiting skilled workforce help out the companyin engaging employees and retaining them. Lastly, this project explains steps which are involvedin organizational change model that is required by company to consider.

PROJECT 1Evaluation of current performance appraisal process at the financial security investmentPerformance appraisal can be defined an important document that is being used in severalindustries for evaluating employees’ performance on the basis of their work quality. The mainaim of using this document is to increase the work quality and promote employees on the basisof employees’ actual performance and remove biasness. In this case, it is evaluated that Brookswho was one of the fairest manager at financial security investment for almost 7 years. Aftersome years he felt that he was being ignored and was not getting promotions on the basis ofperformance. By using performance appraisal steps and document, financial security investmentindustry can solve the problem of performance appraisal. It is important to solve this problemwith the help of performance appraisal process because this company and industry is facing theproblem of labor turnover due to inappropriate performance evaluation process. There are mainly5 steps included in an effective performance appraisal process that can be used at financialsecurity investment such as:

Figure 1: Performance appraisal processEstablishing performance standards: Itis the first step of performance appraisalaccording to which, the company can compare the actual performance of their employees. Themain aim of using this step is to set the criteria in order to judge employees’ performance offinancial security investment industry to the degree of their contribution to the organizationalgoals.Communicating performance standards to employees: After setting performancestandards, it is important for the manager of financial security investment to communicate allstandards to all employees. All performance standards need to be explained to employees as it

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