Performance Measurement System - Assignment Example

Comments (0) Cite this document
This is because convenient data often happens to be the most available, easy to find and ready-made ones that may not necessarily…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.2% of users find it useful
Performance Measurement System
Read TextPreview

Extract of sample
"Performance Measurement System"

Download file to see previous pages Based on these explanations, it would be appreciated that using relevant data instead of convenient data for any performance-measurement system ensures that the outcome of the system will be one that directly reflects exactly what needs to be measured. For example when measuring competence of employees, their graduate scores may be convenient as these may be readily available. However, given the time elapse from time of graduation to the current state however, it would be relevant to use newly collected data about employees that reflect their current state of competence and performance.
One of the major reasons most HR managers have preferred the use of convenient data over relevant data is that they find it more costly in terms of resources and time used to gather relevant data. Few (2007) however warned that there are several negative impacts that come with the use of wrong data in any organizational set up. The first challenge is that it is not possible to get the right frame of employee performance based on their current state of work. Using the same example given earlier, it could be that someone who came to the organization with first class has now relented in productivity but another who came with third class has picked up a lot of experience and thus improved in work output. When such old data which are considered convenient but wrong are used, it will be very difficult to get the true present state of performance. What is worse, there are long term direct impact of using wrong data on the organization. For example such wrong data can lead to wrong placement of employees, which can also lead to poor delivery of work because employees may not be conversant with placements given to them (Becker, Huselid & Ulrich, 2001). This situation could also be the cause of lower productivity, which will affect profitability and growth negatively.
For any typical ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Performance Measurement System Assignment Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from
(Performance Measurement System Assignment Example | Topics and Well Written Essays - 750 Words)
“Performance Measurement System Assignment Example | Topics and Well Written Essays - 750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Performance Measurement
...and Norton (1996): “The name [balanced scorecard] reflected the balance between short and long term objectives, between financial and non-financial measures, between lagging and leading indicators, and between external and internal performance perspectives.” The balanced scorecard system comprises of four perspectives which are considered as essential part of it. Schneiderman was an independent consultant who introduced the Balanced Scorecard for the first time in 1987 at Analog Devices (Cobbold & Lawrie, 2002). Time delivery and new product booking ratio, the cycle time, yield, and labor turnover were some of the measures which were discussed in the first Balanced...
20 Pages(5000 words)Research Paper
Developing a Performance Measurement System for a Firm That Purchased a Supplier of Its Intermediate Goods
...?Economics Module Paper #2 Developing a Performance Measurement System for a Firm That Purchased a Supplier of Its Intermediate Goods In a decentralized organization, most of the decision-making resides in its separate or individual subunits. In such a case, the management control system generally utilizes transfer prices to coordinate the subunits’ actions and to assess their performance. The basis for transfer prices is that the subunit managers make decisions; they are required to focus on how their decision will influence the performance of the subunit without assessing their effect on the overall company performance....
2 Pages(500 words)Coursework
Evaluating NAPLAN as a Performance Measurement System
...?NAPLAN Table of Contents Introduction 3 Problems associated with design or use of NAPLAN 3 Recommendations 5 Conclusion 6 Works cited 8 of the Student: Name of the Professor: Name of the Course: Date: Introduction National Assessment Program- Literacy and Numeracy is a performance measurement strategy for testing the performances of the Australian students (“Naplan”). The testing help in finding out the performances of the students in terms of their reading, numeracy knowledge, writing, language etc that whether they are in accordance to the ‘Australian Curriculum, Assessment and reporting Authority’ (“The Tests”). According to the ACARA website, the NAPLAN testing widely reflects the aspects related to numeracy and literacy... . The...
4 Pages(1000 words)Assignment
Performance Measurement System in Julphar Company
...?Performance Measurement System in RAK CERAMIC of the of the Performance Measurement System in CERAMIC RAK Abstract This study aims at analysing the performance management framework for RAK Ceramic by analysing the major drivers of performance management through a quantitative as well as qualitative data analysis with the help of statistical tools like SPSS. The information derived would be analysed to suggest probable recommendations. INTRODUCTION Background This study aims at discussing the operational and financial performance of a company operating in the ceramics manufacturing industry. The company that has been chosen for this study is RAK Ceramics. RAK Ceramics is a company based in United Arab Emirates (UAE). The company... was...
7 Pages(1750 words)Term Paper
Performance Measurement to Performance Management corrective moves to areas where is poor below par performance. This causes positive influence in all sectors concerned. In conclusion, due to scarce resource , according to economics, available, performance measurement of products and services is of utmost importance in critical business decision making in our generation. Performance measurement tells you where you are now in relation to priority standards set by the company. Results of measurement of performance is like a directional compass in a forested area. It tells us where we are and how we can get to where we have to go faster and better. 2.3...
26 Pages(6500 words)Essay
Performance Measurement
...Running Head: PAPER ANALYSIS Paper Analysis Performance Measurement Paper Analysis: Performance Measurement Strategic control: meshing criticalsuccess factor with the Balanced Scorecard by Paula van Veen-Dirks and Martin Wijn The authors of the article emphasize an increasingly recognised importance of non-financial criteria in performance measurement and offer as an emerging strategic tool a combination of two popular approaches - the Balanced Scorecard and Critical Success Factors. They argue the given combination can serve effectively as "a system for strategic validation and learning", eliminating some of the...
5 Pages(1250 words)Book Report/Review
Performance measurement
...Performance Measurement System What is the role of a performance measurement system? Describe your personal experiences with performance measurement in the workplace. Performance management system is a set of strategic objectives as well as metrics of performance that organizations apply in order to gauge the productivity of not only individual workers but also for the entire organization (Besanko, Dranove, Shanley & Schaefer, 2010). There is little doubt that performance within contemporary organization has been a growing concern hence the need to have well-developed strategies as well as metrics that include key performance indicators. According to Varma, Budhwar, and DeNisi (2008), the main role of performance management system... is to...
1 Pages(250 words)Essay
Performance measurement system
...Performance Measurement System Performance Measurement System Performance management is amethod of gathering and inculcating information related to the performance of individuals, groups or organizations. It can be done by looking at the methods that are already being used, as well as their outcomes and then measuring whether the processes are up to standard in achieving what they were intended to achieve or whether they are falling short. Feedback is an important part of making decisions in an organization. If there is good performance in an organization then the...
5 Pages(1250 words)Research Paper
Performance Measurement
...PERFORMANCE MEASUREMENT PERFORMANCE MEASUREMENT Introduction Performance outcome remains an important variable for taking decisions on a system or guideline to use in undertaking fire and emergency tasks. For example, where one system produces better outcomes than the other in a fire and rescue duty, the need to adopt that system over the other is relevant. But to know the real outcome or performance of a system, it is important to have a performance measurement tool in place. This background forms the basis of this research where it is...
6 Pages(1500 words)Assignment
Performance Measurement
...Performance measurement College Differences between performance measurement and program evaluation Performance measures centers on detailedperformance outcome that could be the target of many interventions, several diverse initiatives or applied projects at various points in time. It deals with the question “Is this product getting better or not?” On the other hand, evaluation usually asks the question “Did this intervention succeed or not?” Evaluation deals with a before and after assessment. It is used when someone wants to set a baseline with definite indicators prior to an intervention taking place. The same indicators are then assessed after the intervention is completed (Chiesa & Frattini, 2009). Performance measurement... is an...
1 Pages(250 words)Assignment
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 Assignment on topic Performance Measurement System for FREE!
Contact Us