to their operation. Human capital is one of the most important resources of any firm which help them to survive in this competitive world. To survive in this competitive world today it has become necessary to manage human resources. There have been increasing trends in job security, employee maintenance, etc as people are recognized as an important resource in the firm. It cannot be disagreed that “People are the most important assets in the company” by any of the management team. Yet, it has been
Employee Appraisal Fairness process Performance appraisals are the basic element of human resource management. Many HR decisions are totally based on the results of the Appraisal. Kelly, (2008) studied that over 80 percent of the respondents are in desire of the appraisal system, along with 45 % respondents indicates that appraisal system needs improvement. Fairness and clarity of the appraisal system is compulsory. It results in satisfaction, improvement in performance, motivation and positive
strong levels of employees performance within the organisations meaning globally organisation depend on their workers on a huge scale. Employees in an organisation have the power to improve the company’s overall performance meaning they are a major asset to any company around the world. In relation to this, human resource management has become an integral part of the overall company’s strategy. Human resources have played a huge part
Introduction Performance management is now considered as the most crucial and strategic HRD function to enable organisation to sustain in competition (Bhattacharyya, D 2011). Performance management is the process of creating a work environment or setting in which people are enabled to perform to the best of their abilities. The centrepiece of a performance management system is typically the performance appraisal (PA), a formal and systematic process for reviewing performance and providing oral and
2.1 Evolution of Performance Management Performance management is a multidisciplinary field, there is a varied group of complementary disciplines and equivalent theories. Strategic Management, Operations Management, Human Resources Management and Organizational Behaviour are all contributing to the field of performance management (Smith and Goddard, 2002; Thorpe and Holloway, 2008). For example, in the Human Resource Management (HRM) literature, the goal of performance management involves aligning
organisation’s HRM practices and its performance. The successful human resource practices that may increase performance in different areas such as capacity building, quality and financial performance. Human resource is one of most important components of an organization. The effective utilization of human resource paves the path to achieve organizational goals and ultimately
Introduction to Performance Appraisal Performance appraisal is one of the most significant theories of human resources management and is one of the subjects which have been studied and investigated in the psychology of work extremely (Kuvaas, 2006). Khan (2007), states that the fundamental objective of performance appraisal is to facilitate management in carrying out administrative decisions relating to promotions, firings, lay offs and pay increases. Coens and Jenkins (2000) suggest that performance appraisal
INTRODUCTION Performance evaluation is a continuous, ongoing process that helps employees understand the responsibilities of the job, the work goals associated with them and the degree to which goals have been achieved (Maziah, 2014). There are two types of purposes in performance evaluation which is judgmental and development. For the judgmental, the evaluation provides a basis for reward allocation, identify high-potential employees, validate the effectiveness of employee selection procedures,
organisation human resource management can be applied and its role has evolved dramatically over the past years. In fact, human resource management can be defined as a strategic approach to acquiring, developing, managing and motivating an organisation’s key resource. This should help the organisation stated objectives through the best use of its employees. B tech Cost and Management accounting student were assigned to conduct an investigation on the role and functions of the human resource department
importance of performance appraisals as a performance management tool and the ways in which performance appraisals can be designed and implemented in organisations, for this purpose, the role of personnel manager in a hotel called Cavendish Hall Hotel has been used to explain the role of performance appraisals. Likewise some of the important tools and techniques of performance appraisal are also provided. Moreover recommendations on the ways to integrate performance appraisals into high performance systems