Nobody downloaded yet

Employee Performance Appraisal & Mitivation and Incentives - Essay Example

Comments (0) Cite this document
This research is being carried out to evaluate and present performance appraisal system in UAE. The company that is the subject of this research is Oman Insurance Company (OIC), a leading insurance company established in 1975 in Dubai…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Employee Performance Appraisal & Mitivation and Incentives
Read TextPreview

Extract of sample "Employee Performance Appraisal & Mitivation and Incentives"

Download file to see previous pages This paper illustrates that Oman Insurance Company (OIC) is a huge company whose total assets are in excess of DH 3.2 Billion and paid-up capital of DH 243.75 Million. It provides its customer with a variety and type of insurances and the security they need. The process of performance appraisal system in OIC consists of the following steps. Predesigned performance appraisal forms are distributed to respective line managers before the end of the year. The performance appraisal form contains various key success factors that have been identified for the performance of a certain position. These key success factors include both capabilities and competencies personal and work-related. Managers fill these form by ranking the employees on a scale of 6-10 based upon performance throughout the year, where 6 being lowest and 10 highest. The line manager has the discussion with the employee about the ranking identifying his strengths and weakness areas. An employee can give his own opinion as well and ask to change his rankings. If line manager disagrees he can contact HR manager. Based on the performance appraisal the development plan of an employee is formulated by the employee and the line manager in the form of SMART objectives for the next year. After developing the career path for the employee the action plan to achieve those goals e.g. training etc. are decided. In the end, these filled forms are sent to the HR manager, who updates the file of each employee for appropriate action such as compensation and benefit etc. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Employee Performance Appraisal & Mitivation and Incentives Essay - 3”, n.d.)
Retrieved from
(Employee Performance Appraisal & Mitivation and Incentives Essay - 3)
“Employee Performance Appraisal & Mitivation and Incentives Essay - 3”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Employee Performance Appraisal & Mitivation and Incentives

Performance Appraisal and Employee Performance

...? Performance Appraisal and Employee Performance Contents I. Executive Summary……………………………………………………………… 5 Introduction………………………………………………………………………. 6 1.1. Importance of an employee in an organization………………………….. 6 1.2. Evolution of Performance Management…………………………………. 6 1.3. Brief introduction to Performance Appraisal System……………………. 7 1.4. Why Performance Appraisal System sometimes fails……………………. 7 1.5. Alternatives to Performance Appraisal System………………………… 9 1.6. Layout of dissertation…………………………………………………… 9 2. Literature and Theory...
47 Pages(11750 words)Dissertation

Performance Feedback, Performance Incentives and Rewards, and Employee Evaluation

...strategies. Hoffman contributed to this context identifying the increasing popularity of 360 degree feedback assessment and the increasing number of organization adopting it. The techniques involved in the 360 degree feedback assessment can be used for development purposes only. But it has been highly appreciated and adopted by many of the organizations for the purpose of performance appraisal. It allows the companies to align the performance of the employees with organizational strategies and policies which lead to development of the companies (Fleenor & Prince, 1997). Performance incentive and award systems have various implications...
22 Pages(5500 words)Essay

Employee Performance Appraisal & Mitivation and Incentives

...?Employee Performance Appraisal & Motivation and Incentives Nakheel Group is one of the largest property developers within Dubai. As far as its performance appraisal system is concerned, Nakheel is being aided with the Kenexa CareerTracker which is a powerful system being run in an automated fashion. It takes care of the Nakheel’s talent which it needs to harness over a period of time. The process of performance appraisal brings together the individual and organizational development that is taking place within the organization. Nakheel looks forward to having the best possible partners which are there within the business operations and Kenexa makes it possible for it. This is one of the reasons why Nakheel has been such a success... in the...
4 Pages(1000 words)Essay

Employee Motivation and Incentives

...?Employee Motivation and Incentives Explain the relation between Goal, Commitment, and Performance Both employees and managers of any type of organization must move toward common goals or objectives. Goals are mainly established depending on what the whole organization wishes to achieve in the short term process as well as in the long term one. It is important that all the personnel within the organization are aware of the objectives which they must achieve. In order to accomplished an objective or several objectives, all involved must be willing to commit themselves by working hard and doing their part as a team member of the organization. Commitment entails doing one’s...
4 Pages(1000 words)Coursework

Employee Motivation and Incentives

...? EMPLOYEE MOTIVATION AND INCENTIVES By of Relationship between Goal, Commitment and Performance Goal is the desired result that an organization aims to achieve within a finite period while commitment is the employee's psychological attachment towards their work and the organization. Goals need to be developed after careful thought since it is very important for the employees of the organization to buy-in on the organizational goals. If the employee does not see any reason to achieve the organizational goals, then the commitment that one can expect from them, towards fulfilling these goals, is close to zero. Another factor that can...
4 Pages(1000 words)Coursework

Employee motivation and Incentives

...better when they understand the fact that their organization wants them to live a healthy life. Long term incentive plan is the fourth type of compensation. “A reward system designed to improve employees' long-term performance by providing rewards that may not be tied to the company's share price. In a typical LTIP, the employee (usually an executive) must fulfill various conditions and/or requirements that prove that he or she has contributed to increasing shareholder value.” (Long-Term Incentive Plan) Paid leave is also considered as a form of compensation and is a great boon for employees but no so great for employers, this is why...
2 Pages(500 words)Coursework

Performance Appraisal, Diversity Management, And Employee Participation

...Performance Appraisal, Diversity Management, And Employee Participation Introduction Mankind and human civilizations have both been evolved over the period of time. The overall pattern of the evolution is ascending. It means that there has been a gradual advancement in the human society, ever since it came into being. The advancement in science and technology, on one hand, is making our society a knowledge society and making the world a global village where physical boundaries are disappearing and more and more societies and culture are interaction. This interaction has resulted in a transfer of knowledge and various ways of working from different societies, which were adopted to make our existing processes better. This search... and...
6 Pages(1500 words)Essay

Employee Performance Appraisal Systems

...Running head: Employee Performance Appraisal Systems Employee Performance Appraisal Systems s Assessing the Legal Implications of Employee Performance Appraisal Systems Introduction Employer's interest in performance level and differentiation between poor and good performance has increased dramatically over the years due to constant pressures like competition, increased productivity requirements and quality control strictness. There are various ways to conduct performance appraisals. Some of the major ways that...
13 Pages(3250 words)Essay

Employee Selection and Performance Appraisal

...PERFORMANCE ASSESSMENT AND MANAGEMENT Executive Summary The current report addresses, recognizes, integrates, and cites relevant theories, concepts, and ideas of performance assessment and management model used in McDonalds’ with a brief overview of the human resource practices in employee selection and appraisal initiatives of McDonalds. The paper also identifies and explores the established culture of employee selection and appraisal criteria in this organization to state that employee turnover rates are rather high and employees’ output needs improvement. The paper ends with a reflection by the writer...
8 Pages(2000 words)Essay

3_08 Employee Performance Appraisal

... for one to execute the process annually. Good and formal feedback should be given back on a quarterly basis. Disconnection From Rewards-Getting a bonus or merit raise in majority of the available organizations is a complete disconnection from the performance appraisal of employees. Lack of integration- majority of the processes lack full integration with compensation and development. Missed opportunities continue to increase. Team performance exceeded by individual scores-scores on team members will often exceed the actual performance of the team. Performance appraisal techniques Be prepared to Listen-active listening to every reason that comes from employees. It’s good to be firm as not to allow excuses that might be controlled... agree...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Employee Performance Appraisal & Mitivation and Incentives for FREE!

Contact Us