BUS 432 Lecture Notes - Lecture 9: Performance Appraisal, Management System
11 May 2016
School
Department
Course
Professor
Document Summary
There is a hugely strong correlation between good performance management systems and both the financial and non financial outcomes of the organization. Global context: we are now managing performance of host country and parent country employees. It is extremely important to separate the developmental and evaluative components of performance management. Once you tell people the evaluative part, they shut down. You want to separate those two in time and method. Might have a negative impression bias. I want someone who knows what i do to do my appraisal. Most likely at the end of the year tied to budgeting and profits. The worst way to do performance appraisal is ad hoc. It is important to link compensation to performance appraisals because then people take them seriously. Types of performance pay in individual and collective culture. In order to work, the pay for performance has to be related to the organizational goals.
