Maximizing the Value of Human Resources

In: Business and Management

Submitted By putergnurd
Words 445
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Maximizing the Use of Human Resources

Performance Appraisal System Benefits


Optimal Results
 

Company Employees

Performance Appraisal System Preappraisal Activities
    

Review Procedure, timelines and process Review Performance Appraisal Form Review individual job description and assigned duties Determine schedule for formal observation (if not previously completed) Determine data to be reviewed and other sources of input for feedback

Performance Appraisal System Post Appraisal Activities
 

Overall Satisfactory Rating Overall Unsatisfactory Rating

Performance Appraisal System Feedback


Pitfalls to Avoid

Performance Appraisal System Feedback


Managerial Steps
   




Provide constructive feedback Demonstrate personal accountability Focus on specific behavioral outcomes Balance accolades / issues Encourage two-way communication Redirect focus to positive future outcomes

Performance Appraisal System Company Benefits
    

Productive, Loyal Employees Reduced Employee Turnover Lower recruitment and training costs Enhanced business reputation Identification of high-potential employees

Evaluation of Teams


Team Performance

Evaluation of Teams


Strategy

Evaluation of Teams


Performance Differences
 

Team Individual

Succession Planning


Reasons for Adoption
  



Mitigate risk due to employee turnover Availability of skilled replacements Prepare highly qualified candidates to fill executive positions Maintain continuity of operations

Succession Planning


Company Use
   

Formal vs. informal Employee development Knowledge transfer Mitigate risk of discrimination actions

Succession Planning


Organization Use
   




Assess the organization Determine key positions Identify competencies for key positions Identify…...

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