Performance Management is a process that consolidates goal setting, performance appraisal, and development into a single, common system, the aim of which is to ensure that the employee's performance is supporting the company's strategic aims. Performance Management is both a strategic and integrated approach to delivering successful results in the organisation by improving the performance and developing the capabilities of [...]
Competency refers to underlying characteristics that enable performance in a job role. These characteristics find expression in behaviour and their presence or absence can explain why one person succeeded in a mission, whereas in identical conditions another person did not. Richard Boyatzis, a consultant to McBer and Company, defined the term competency as - 'an underlying characteristic of an individual [...]
Everything you need to know about the advantages and disadvantages of performance appraisal. Performance appraisal may be viewed as a systematic and objective process of assessing an individual employee's job performance and productivity at specified intervals of time in relation to certain pre-established criteria and the organisation's objectives. Performance appraisal always involves the following - "1. setting work standards, 2. [...]