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What is Performance Appraisal?Performance Appraisal refers to a reasoned evaluation of an individual's performance against predetermined criteria. On the other hand, performance management refers to managing an organization's human resources. While performance appraisal is an annual activity, performance management is a continual process that does not end.Performance appraisal is described as a manager's evaluation of employees in which the management examines the employee's total contribution to the company. It is a systematic and logical evaluation undertaken yearly by the business to determine an employee's ability to execute a duty. It assists in identifying employees who do their duties well and ... Read More
Performance Management CycleA performance cycle is a continuous improvement process of planning, monitoring, and measuring an employee’s performance throughout the year. It works in a way that meets the overall goal of performance management: aligning the success of employees with the success of an organization.It starts with setting up of a performance standard to meet the targeted goal followed by monitoring the performances of the employee toward that goal, identify any issue or blockage in the way, and provide necessary resources and training to overcome the blockage.Performance management cycle helps employees to achieve their potential and have greater involvement in ... Read More
Performance management is also a technique for maximizing the efficiency of a workforce. While many believe it is a once-a-year occurrence, this is not the case. It is a never-ending process. It is a strategic plan designed to maximize an individual's production quality. It effectively matches company objectives with an employee's productivity when done correctly.The guiding principles of performance management should be about people and performance, not just the process involved.Some of the guiding principles of performance management are as follows −Performance AnalysisIn performance management, the reviewer measures the frequency of behavior of the employee and the outputs he/she gives ... Read More
What is Performance Assessment?Any performance management process involves an assessment or an analysis of achievements and planning which form the basis for an employee’s career plan, potential development, and performance agreements.Flawless assessments can never completely be a reality as it is subject to various errors or glitches like Halo Effect which means that the manager acquires a tendency of generalizing a few professional experiences with the other aspects of performance and easily relate to the problems of poor perception, selectivity and poor interpretation.Assessments require the capacity to appraise performance, and sound judgment requires applying defined criteria, considering only relevant facts, ... Read More
What is Performance Management?Performance management is a communication-based process between a supervisor and an employee occurring throughout the year, to plan, monitor and review the employee's performance, objectives, goals, and overall contribution to the organization. Essentially, performance management is what organizations undertake to increase their success and maintain a competitive edge.The main aim of performance management is to foster an environment in which people and teams take ownership of their development and that of their companies. Specifically, performance management is concerned with accomplishing individual goals under corporate settings and ensuring that each employee works toward these.A lot of components are ... Read More
Performance management is an effective technique for aligning all primary organizational activities and sub-functions so that the organization's emphasis is on achieving its objective. A well-designed performance management system may be critical in simplifying employees' operations to accomplish the organization's ultimate goal and vision.Performance management is a much bigger system since it encompasses planning, executing, assessing, and evaluating to maximize development and productivity on an individual and organizational level.By clearly outlining individual- and team-based tasks in the form of key performance indicators (KRAs) and fostering an awareness of shared reciprocal accountability, a sound performance management system promotes, empowers, and encourages ... Read More
What is Performance Management?Performance management is a communication-based process between a supervisor and an employee occurring throughout the year, to plan, monitor and review the employee's performance, objectives, goals, and overall contribution to the organization. Essentially, performance management is what organizations undertake to increase their success and maintain a competitive edge.Performance management is often categorized into two types; they are as follows −Corporate Performance ManagementHuman Performance Management.Corporate Performance ManagementCorporate Performance Management (CPM) is defines the methods, metrics, and processes used to monitor and manage the business performance of an organization. CPM strategically focuses on information to operational plans in order ... Read More
When faced with this question, don't ever go on the defensive or offensive either. If you go on the defensive you'll get nervous and might end up spilling your biggest weakness in the stupidest manner. At the same time, if you go on the offensive and try to impress the interviewer that you simply don't have any weakness at all, you could end up convincing him that you actually have more weaknesses than most others.Keep CalmSo, how to get around this million dollar question? Relax, or at least do your best to relax. Try and figure out why the interviewer ... Read More
It is a very interesting question. The foremost thing to understand is that the length of Indian trains depends upon the length of the loop line and the length of the railway platform.The length of the train should never exceed the length of the Loop Line as it has to fit in the loop line because when the other train wants to access the mainline, this train should fit into loop line and give way to other to avoid accidents. One more important thing is, it should not be lengthier than the platform because all the coaches of the train ... Read More
Winter Olympics as the name suggests is the global sporting event where all the listed sports disciplines are played on snow and ice, unlike the summer Olympic Games which takes place in pleasant weather. The first ever Winter Olympics took place in 1924 in Chamonix, a small resort town in the Alpine region of south-eastern France.The games were held regularly with the Summer Olympics except for the brief interruption from 1940 to 1944 caused by the World War II. Thereafter, it continued to be held in the same four yearly sequences as the Summer Olympics till 1992 after which it ... Read More