Performance Appraisal & Compensation

Post on 04-Jul-2015

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Transcript of Performance Appraisal & Compensation

DefinationApplication of

Results

Potential

Benefits

Potential

Complications

Method of

Collecting Data

DEFINATION

Job

Performance

Manage &

Align

Others

Productivity

Applications

of results

Employment

Decisions

Criteria in

research

Aid to

communica

-tion

Establish

Personal

Objectives

for training

Aid in keeping

track of

decisions &

legal

requirements

Formulation of

job criteria &

selection of

individuals

Application

of Results

Wage & Salary

Administration

Potential Benefits

Enhancement of Employee Focus

through promoting Trust

Goal setting &

desired performance

reinforced

Performance

Improvement

Facilitation of

Communication

Determination of

training needs

Potential

Complications

Detrimental to

quality Improvement

Negative Perception

Errors

Potential

Complications

Legal Issues

Performance

Based PayPerformance

Goals

Methods of Collecting

Data

Peer & Self

Assessment

Judgmental

Evaluation

Judgmental

Evaluations

Graphic Rating

Scale

Employee

Comparison

Method

Peer & Self

Assessments

Self

Assessment

360 degree

feedback

Nature

Insurance

Providing

wage

replacement

& medical

benefits

Compensation

for economic

loss

Reimbursement

of medical & like

benefits

Benefits paid to

dependents of

workers killed in

employment

Approaches to International

Compensation

The

balance

sheet

approach

The

going

great

approach