Performance Appraisal Overview

It assesses employee satisfaction, retention, and the organization's capacity to evolve.

Typical measures include employee satisfaction, time to hire, first-year turnover, and training received.

It consolidates disparate elements into a single report and ensures that improvements are not made at the expense of other areas.

<p>It can be achieved by improving management of product introductions or by making only incrementally different products.</p> Signup and view all the answers

<p>It monitors people, culture, organization, and the infrastructure that supports them.</p> Signup and view all the answers

<p>Its purpose is to translate strategic goals into a set of performance objectives.</p> Signup and view all the answers

<p>Employee engagement is linked to retention and overall organizational effectiveness.</p> Signup and view all the answers

<p>'Regretted turnover' refers to employees leaving the organization that the company would have preferred to retain.</p> Signup and view all the answers

<p>The primary purpose of the balanced scorecard is to connect various components of strategic planning and management, ensuring alignment between projects, KPIs, and organizational objectives.</p> Signup and view all the answers

<p>The first perspective is Financial analysis, which focuses on measures such as operating income, profitability, and return on investment.</p> Signup and view all the answers

<p>The Customer analysis perspective evaluates investment in customer service and retention by comparing service levels with competitors.</p> Signup and view all the answers

<p>The third perspective is Internal analysis, which concerns the efficiency and effectiveness of internal business processes linked to strategic goals.</p> Signup and view all the answers

<p>Manufacturing companies often track on-time delivery as a specific metric within the Customer analysis perspective.</p> Signup and view all the answers

<p>Financial measures provide insight into the organization's profitability and growth potential, informing strategic decision-making.</p> Signup and view all the answers

<p>The balanced scorecard framework benefits strategic planning by enabling organizations to visualize and understand the linkages between various performance areas and strategic objectives.</p> Signup and view all the answers

<p>Primarily for-profit organizations use the balanced scorecard framework to measure and improve their performance across various strategic dimensions.</p> Signup and view all the answers

<p>Performance appraisal provides feedback on employee performance and acts as a motivational tool to improve efficiency.</p> Signup and view all the answers

<p>The use of incorrect or irrelevant evaluation factors can lead to the failure of performance appraisal.</p> Signup and view all the answers

<p>The four perspectives are Financial, Customer, Internal Process, and Learning and Growth.</p> Signup and view all the answers

<p>It aligns day-to-day work with organizational strategy and prioritizes projects, products, and services.</p> Signup and view all the answers

<p>Some managers may not be qualified enough to assess employees' abilities properly, leading to irrelevant data collection.</p> Signup and view all the answers

<p>It signifies the importance of assessing both strategic and traditional financial measures to achieve a holistic view of performance.</p> Signup and view all the answers

<p>Performance appraisal motivates individuals by providing a clear picture of their efficiency and areas for improvement.</p> Signup and view all the answers

<p>One key objective is to communicate organizational goals and monitor progress towards strategic targets.</p> Signup and view all the answers

<p>Preparation.</p> Signup and view all the answers

<p>About 90 minutes each.</p> Signup and view all the answers

<p>Management develops a consensus on the mission and strategy.</p> Signup and view all the answers

<p>Reviewing and consolidating input from the executive workshop.</p> Signup and view all the answers

<p>To debate the vision, strategy, and tentative scorecard.</p> Signup and view all the answers

<p>Consensus on vision, objectives, and performance targets.</p> Signup and view all the answers

<p>Linking performance measures to databases and IT systems.</p> Signup and view all the answers

<p>To prepare a quarterly or monthly report on the scorecard measures.</p> Signup and view all the answers

<p>A transfer involves a change in job location without altering position, pay, or responsibilities.</p> Signup and view all the answers

<p>The three categories are Employee Initiated Transfer, Company Initiated Transfer, and Public Initiated Transfer.</p> Signup and view all the answers

<p>Reasons include health issues, family problems, pursuing higher education, or avoiding conflicts at work.</p> Signup and view all the answers

<p>A company may initiate a transfer due to temporary absenteeism, workload fluctuations, or to enhance employee job satisfaction.</p> Signup and view all the answers

<p>Employees often seek transfers to find more challenging and creative job opportunities.</p> Signup and view all the answers

<p>Temporary absenteeism can lead companies to transfer employees to fill gaps in staffing and maintain productivity.</p> Signup and view all the answers

<p>The goal is to enhance employees' adaptability and skills for various roles within the organization.</p> Signup and view all the answers

<p>Transferring employees can reduce opportunities for unethical behavior by altering workplace relationships.</p> Signup and view all the answers

<p>Public transfers are typically initiated through politicians or government due to behavior against social norms or actions against public interest.</p> Signup and view all the answers

<p>The main reason for production transfers is to stabilize employment and avoid layoffs by moving employees between departments.</p> Signup and view all the answers

<p>Versatility transfers prepare employees for different jobs by training them so they can adapt when needed.</p> Signup and view all the answers

<p>Remedial transfers aim to relocate an employee who feels uncomfortable in their current job due to various issues like health or interpersonal conflicts.</p> Signup and view all the answers

<p>Miscellaneous transfers can be temporary or permanent and include departmental, sectional, or inter-plant transfers.</p> Signup and view all the answers

<p>Frequent transfers may occur due to political victimization or favoritism within company-initiated transfers.</p> Signup and view all the answers

<p>Shift transfers are primarily used to rotate employees between different shifts in manufacturing concerns.</p> Signup and view all the answers

<p>A replacement transfer is when an employee with longer service is moved to another department to take the place of a less experienced employee.</p> Signup and view all the answers