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

Single sign-on (SSO) is a meeting and client validation administration (service) that allows a client to utilize one lot of login certifications - for instance, a name and secret key - to get to numerous applications.SSO can be utilized by endeavours, littler associations, and people to facilitate the administration of different usernames and passwords.In an essential web SSO administration, an operator module on the application server recovers the particular validation qualifications for an individual client from a committed SSO arrangement server, while confirming the client against a client storehouse, An example of SSO is a Lightweight Directory Access Protocol (LDAP) ... Read More

In this post, we will understand the difference between fuzzy set and crisp set −Fuzzy SetIt is understood using vague properties.Fuzzy set can have a progressive transition among many degrees of membership.They are generally used in fuzzy controllers.The elements have the ability to be partially included in the set.They are based on infinite-valued logic.They exhibit gradual membership degrees.There is an uncertainty about the set boundaries.Crisp SetIt can be understood using precise and certain characteristics.Here, the transition is sudden, and well defined, not gradual.The element can either be a member of a set or not, no partial ability given.It has a ... Read More

In this post, we will understand the difference between CRM and ERP −CRM (Customer Relationship Management)It is a computer software that helps companies record every transaction and interaction with the present and prospective customers.It is a subset.It was developed in 1990.It is generally utilized in front office activities.It helps focus on improving the sales.It is customer oriented.This is what CRM includes −ERP (Enterprise Resource Planning)It is an integrated pre-packaged computer software that helps organizations in managing and controlling the business processes.It is a superset.It was developed in the 1960s – 1970s.It is generally utilized by back office activities.It helps focus ... Read More