Ice breaker- HRM Chap 8

It is the continuous process of improving performance by setting individual and team goals which are aligned to the strategic goals of the organisation

• Performance Appraisal

• Performance Management

• Performance Measure

• Performance Rating

A formalized assessments in which a manager evaluates an employee’s work performance, discusses strengths and weaknesses, provides candid feedback, and collaboratively sets goals for the quarter and year ahead.

• Performance Appraisal

• Performance Management

• Performance Measure

• Performance Rating

It is one of the best types of performance management systems that combines four different business perspectives—financial, customer, internal processes, and people—to help companies understand and achieve their organizational objectives.

• Management by Objectives (MBO)

• Budget-driven Business Plans

• Performance Review Meeting

• Balanced Scorecard (BSC)

It is a process where the goals of the organization are defined and conveyed by the management to the members of the organization with the intention to achieve each objective.

• Management by Objectives (MBO)

• Budget-driven Business Plans

• Performance Review Meeting

• Balanced Scorecard (BSC)

Set SMART Objectives, agree personal development plan, Update role profile

• Plan

• Act

• Track

• Review