The performance metrics you should track depend on the goals you set; performance evaluation varies by goal.
Question:
The performance metrics you should track depend on the goals you set; performance evaluation varies by goal. These are some suggestions that organisations may use:
Graphic ratings scales
This method is a clear and easy way for employees to review their goals. It uses numbers to rate performance, typically on a scale of 1-5 or 1-10.
360-degree feedback
This system utilizes a group of people's opinions and assessments of each employee. The group, such as a team of managers, must closely work with each employee in order to accurately speak about their performance.
Self-evaluation
Evaluating their own performance can be an eye-opening experience for employees, and you may even find that their evaluations are tougher than yours would be. An easy and free way to administer a self-evaluation is via Google Form. Questions can be open-ended, multiple-choice or both.
Management by objectives (MBO)
MBO is also called "management by results." This employee performance metric entails employees and managers forming objectives together to determine how individual goals align with the company's overall goals.
Analyse any TWO of the above methods and its effectiveness (or lack) thereof.
More companies are piloting skills based hiring, or the practice of setting specific skills and competency requirements for a job rather than only looking at a candidate's credentials. Many companies realise they need to tap into new sources and relax some of the requirements they held in the past to find candidates for open positions. According to GlassDoor, companies as varied as Apple, Bank of America, Google, and Nordstrom will now consider and hire candidates without a college degree as a requirement.
With sufficient justification, recommend the methods of recruitment and selection that would best be suited to the organisations piloting skills based hiring.
1. There are 2 questions in this assignment.
2. Make sure that you have carefully read and fully understood the questions before answering them. Answer the questions fully but concisely and as directly as possible. Follow all specific instructions for individual questions (e.g. "list", "in point form").
3. Answer all questions in your own words. Do not copy any text from the notes, readings, or other sources. The assignment must be your own work only.
4. Follow the word count at the end of each question.
Mark allocation
Each question receives a mark allocation. The mark allocation is there to show you the weighting and length of each question. The total final mark will be used towards your assessment calculation.
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young