Your contribution can guide someone’s learning journey. Share your
documents today.
Running head: REWARD AND PERFORMANCE MANAGEMENT Reward and Performance Management Name of the Student Name of the University Author Note
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
2REWARD AND PERFORMANCE MANAGEMENT Table of Contents Types of performance management technique presented in the instrument:..................................3 What are the strengths of the instrument?.......................................................................................3 Negative aspects of the instrument:.................................................................................................4 Ways of improving the instrument:.................................................................................................5 References:......................................................................................................................................7
3REWARD AND PERFORMANCE MANAGEMENT Types of performance management technique presented in the instrument: As discussed by Mone and London (2018)performance management is defined as the process of ensuring the set of activities of the human resources which is the key of meeting the goal and organization by improving organizational performance. The given instrument of the performance appraisal is highly valuable and covers all the factors of effective performance appraisal. In the given instrument, the peer review technique has been given which is very much needed in term of monitoring the performance of thee staffs on regular basis. This is the way of fostering effective performance management. Ii is imperative to note in this context that this peer review technique can also be considered as the 360-degree review which is highly useful in terms of empowering the coworkers to praise their colleagues by highlighting the positive aspects of their performance. As opined by Kearney (2018)this is the way, through which the coworkers can also figure out the area of the employees which needs improvement. What are the strengths of the instrument? The given performance appraisal instrument is highly valuable as it can support in reviewing and monitoring the performance the staffs on regular basis. At the very first place, the performance management instrument covers the detailed information of the staff that is going to fill up the form. One of the greatest strengths of the performance management instrument is that initially, it covers the process of accountability measurement of the staffs. Audenaert et al. (2019) put stress on the fact that such accountability measurement is very much needed for measuring their degree of productivity. In each of the columns, there are both the manager’s review and self-assessment of the staffs. Such format of performance appraisal is beneficial for
4REWARD AND PERFORMANCE MANAGEMENT both the employees and the managers. Tseng and Levy (2018) shaded light on the fact that it paves the way for the management in an organization to assess the personal point of view and perception of each of the staffs. In the same way, this format of the personal appraisal also helps the staffs to place their point of view upon the management. Another important aspect of this performance appraisal format is that it also allows the managers in an organization to assess the strengths of individual employees appropriately. Altin et al. (2018) stressed on the fact that This is the way, through which the managers initiate the process of job design accordingly in terms of allowing the employees to perform their assigned task with utmost efficiency. Another major strength of the performance appraisal format is that it has also incorporatedoverall performance rating of the individual employees. Negative aspects of the instrument: It is true that this given performance appraisal is that it helps in rating the skills competencies and productivity of each of the employees. However, this is a biased performance appraisal instrument. It has been observed that this performance appraisal instrument covers the SMART objectives of each of the staffs. Still, performance appraisal instrument do not cover the career goal of the staff. Buckingham and Goodall (2015) showed the fact that this creates complexity for the managers to assess the degree of motivation among the staffs to accomplish the organizational goals and objectives by strengthening their skills and competencies. In addition to that, this performance appraisal instrument also incorporates the generalized approach as here very narrow range of performance monitoring has been presented. It can affect overall rating of the staffs. In addition, no rating such as A++, A+, B+ et al have been given in the
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
5REWARD AND PERFORMANCE MANAGEMENT performance appraisal instrument. Thus, it can be said that it lacks the statistical rating which can affect the reliability of the performance appraisal as the rating generally comes from the software in which the chances of any kind of biased attitude is less. Moreover, the given performance appraisal instrument also lacks any kind review of team leaders which is the matter of utmost importance for the sake of getting in-depth information regarding the performance and competency of the individual employees. Moreover, Mone and London (2018) highlighted by saying that the team leaders can also give clear picture about the motivation level of the staffs towards satisfying the organizational goals and objectives. Thus, such lacking in this performance appraisal instrument can make it difficult for the managers of corporate entities to get detailed information about the performance and motivation of individual employees. As per the perception of Arnaboldi et al. (2015) performance appraisal is entirely based on the organizational goals and objectives. However, no organizational standard is mentioned in the performance appraisal instrument, which can affect the overall performance appraisal and actions for improvement. Ways of improving the instrument: From the given features of this performance appraisal instrument, it has been observed that it lacks the compactness which can make it difficult to get comprehensive outcome from the performance appraisal. Thus it is important to take robust actions for the sake of improving the performance appraisal instrument. Rigorous and disciplined approaches are to be taken for the sake of attaining good performance evaluations. Initially, both the performance standard and organizational standard are to be incorporated in the good performance evaluation. In the given performance appraisal instrument, the performance appraisal for two times in a year has been
6REWARD AND PERFORMANCE MANAGEMENT presented which can make it difficult for the mangers in an organization to track the performance of the staffs on regular basis. Thus, it is important to frame the performance appraisal instrument in such a manner which can help the managers of the firms to carry out the performance appraisal for attest four timesin a year. This is the way of monitoring the performance of individual employees on regular basis (Mone and London 2018). At the same time, the career goal of the staffs must also be incorporated in the performance appraisal instrument.
7REWARD AND PERFORMANCE MANAGEMENT References: Altin,M.,Koseoglu,M.A.,Yu,X.andRiasi,A.,2018.Performancemeasurementand managementresearchinthehospitalityandtourismindustry.InternationalJournalof Contemporary Hospitality Management,30(2), pp.1172-1189. Arnaboldi, M., Lapsley, I. and Steccolini, I., 2015. Performance management in the public sector: The ultimate challenge.Financial Accountability & Management,31(1), pp.1-22. Audenaert, M., Decramer, A., George, B., Verschuere, B. and Van Waeyenberg, T., 2019. When employee performance management affects individual innovation in public organizations: The roleofconsistencyandLMX.TheInternationalJournalofHumanResource Management,30(5), pp.815-834. Buckingham,M.andGoodall,A.,2015.Reinventingperformancemanagement.Harvard Business Review,93(4), pp.40-50. Kearney, R., 2018.Public sector performance: management, motivation, and measurement. Routledge. Mone, E.M. and London, M., 2018.Employee engagement through effective performance management: A practical guide for managers. Routledge. Mone, E.M. and London, M., 2018.Employee engagement through effective performance management: A practical guide for managers. Routledge. Tseng, S.T. and Levy, P.E., 2018. A multilevel leadership process framework of performance management.Human Resource Management Review. 8(3), pp. 89-120.