ACCT 301 Lecture Notes - Agreed Framework, Performance Management, Profit Sharing

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25 Feb 2013
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Identify a process for establishing work standards and performance management. The performance management process provides an opportunity for the employee and performance manager to create a plan for achieving development goals: strategic plans and annual goals, job description and essential functions. Standard of performance : performance observation and feedback, performance development plan. It must also consider the emerging environment with five main areas: economy, government, social, technology, competition. Outline a method to establish performance indicators: standards should be written in clear and understandable language, describing the specific behaviors and actions required for work performance, they should also be: The above should enable the org to: get better results, continuous communication between the employees and the management, hence getting feedback to evaluate plan/set standards/solve problems, constructive, enabling the employees to make decisions. Describe the management"s contribution to personal development planning: assessment: assess needs of employee and org, set career goals, which are consistent with the employee"s:

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