14 Questions
What is the purpose of Performance Management (PM)?
To ensure employees are working on the right things and are productive
What is the main difference between Performance Management (PM) and Performance Appraisal (PA)?
PM is an ongoing process, while PA is a one-time evaluation
What is the purpose of Compensation Direct (Core Compensation)?
To pay employees in the form of wages, salaries, bonuses, or commissions
What does Human Resource Development Training focus on?
Ensuring employees are working on the right things
What is one aspect of Non-Financial Compensation mentioned in the text?
Psychological and/or physical environment satisfaction
What is the primary focus of Career Planning and Development as mentioned in the text?
Planned and systematic attempt to enhance employee careers
What is the purpose of the staffing function in Human Resource Management?
Ensuring the organization has the right number of employees with the right skills.
In Human Resource Planning, what does job analysis involve?
Matching internal and external supply of people with anticipated job openings.
Which aspect of HRM does recruitment primarily impact?
Selection criteria for hiring decisions.
What is the purpose of a systematic recruitment process in an organization?
Attracting individuals to apply for job openings.
Which factor primarily influences the performance of individuals, groups, and organizations as per the Performance Model?
Opportunity
What is an essential function of Human Resource Management related to compensation and benefits?
Planning appropriate rewards and benefits for employees.
Who are the teams of HR experts with specialist knowledge in areas such as rewards, engagement, learning, and talent acquisition?
Centers of Excellence
Which group of HR professionals works closely with line managers at a strategic level in areas such as long-term talent management planning and the management of change?
Strategic Business Partners
Study Notes
Performance Management
- Purpose: to improve individual and organizational performance
Performance Management vs Performance Appraisal
- Key difference: Performance Management is a continuous process, while Performance Appraisal is a periodic evaluation
Compensation Direct (Core Compensation)
- Purpose: to provide a fair and competitive compensation package to employees
Human Resource Development Training
- Focus: on enhancing employees' skills, knowledge, and competencies
Non-Financial Compensation
- One aspect: recognition and appreciation for employees' contributions
Career Planning and Development
- Primary focus: on identifying and developing employees' career goals and aspirations
Staffing Function in Human Resource Management
- Purpose: to acquire, deploy, and retain talent to achieve organizational goals
Human Resource Planning
- Job analysis: involves identifying the tasks, duties, and responsibilities of a job
Recruitment
- Primarily impacts: the staffing function in Human Resource Management
- Purpose of a systematic recruitment process: to attract, select, and appoint the best candidates for jobs
Performance Model
- Factor that primarily influences performance: motivation
Compensation and Benefits
- Essential function of Human Resource Management: to design and implement compensation and benefits programs
HR Experts
- Teams of HR experts with specialist knowledge in areas such as rewards, engagement, learning, and talent acquisition: Centers of Excellence
HR Professionals
- Group that works closely with line managers at a strategic level: HR Business Partners
Test your knowledge on performance management basics including selection, performance definition, monitoring, evaluation, rewards, and punishments. Learn the differences between Performance Management (PM) and Performance Appraisal (PA) in Human Resource Development.
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