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.
Nobody downloaded yet

Trends and Challenges Paper - Essay Example

Comments (0) Cite this document
Student ID Lecturer Submission Date University Trends and Challenges Paper Discuss how a complete performance management system differs from the use of annual performance appraisals A complete performance management system takes into account all the aspects that an employee goes through and takes a note of it within the system rather than an annual performance appraisal methodology which is more recall value than anything else…
Download full paperFile format: .doc, available for editing
Polish This Essay97.5% of users find it useful
Trends and Challenges Paper
Read TextPreview

Extract of sample
"Trends and Challenges Paper"

Download file to see previous pages It is a classic case of finding out where the performance management system competes with the annual performance appraisals because the latter do not give the exact details as far as an employee is concerned whereas the performance management system is more comprehensive than anything else. Since the annual performance appraisals are more aligned towards providing value keeping note of how well the employees have fared over the year, the performance management system is more elaborate since it gives each and every instance of the employee’s domains and tells the management whether or not the performance bonus or the increments are due for a certain employee (Schoch, 2011). This is a better indicator of how well the employee is faring and what his expectations are from the organization in the long run scheme of things. Also the employees know that they are being judged for each and every act of theirs within the organization which is a significant understanding that once reached, can have long-lasting effects and consequences on their work realms. This is such an essential comprehension that will eventually make the performance management systems more effective and compatible with any business as compared to the annual performance appraisals due to their limited scope and usability issues. Evaluate the effectiveness of various performance appraisal methods and possible problems affecting performance appraisals The effectiveness of various methods of performance appraisals lies more on the shoulders of the human resources management department within an organization. It is this department that eventually finds out where the problems actually exist and how these could be overcome within the related settings. Having said that it is significant to note that the performance appraisals are effective only when they are being followed to the core, which speaks for their legitimacy issue since they are at times being seen only as a barometer for finding out whether or not an employee has been punctual at work or has been able to complete certain tasks within the set timelines. This is a very wrong precedent because the performance appraisals can do much more than they are thought out to be. What it will eventually tell one and all is the fact that these performance appraisals would not be able to derive value if they are being judged on these points alone (Buckley, 1998). The possible problems that affect the performance appraisals are concerning the change in personnel and improper documentation of employees over a period of time. If the employees keep on coming in within an organization and leaving it on a constant basis, then there is a problem that needs to be addressed and more so with the understanding reached upon with regards to the performance appraisals. The performance appraisals are therefore being seen as a thing of the past when such issues come to the surface and it is about time that the employees seriously start searching for better alternatives which they can give to the management regimes. One such is the performance management system which can help their course and allow them to pace ahead with the guarantee that each and every task of theirs is being ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Trends and Challenges Paper Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Trends and Challenges Paper Essay Example | Topics and Well Written Essays - 1500 words. Retrieved from https://studentshare.org/management/1441914-trends-and-challenges-paper
(Trends and Challenges Paper Essay Example | Topics and Well Written Essays - 1500 Words)
Trends and Challenges Paper Essay Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/management/1441914-trends-and-challenges-paper.
“Trends and Challenges Paper Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/management/1441914-trends-and-challenges-paper.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Business Communication Trends Paper
Technological advances in communications such as broadband internet, wireless connectivity, and smartphones have transform business communications. Employees have to adapt to the changes in order to keep up with the requirements of the workplace. “The internet services of email correspondence and video conferences have enhanced the exchange of business information” (Danev, 2012).
3 Pages(750 words)Essay
Global Trends Paper
Bureau of Labor Statistics). Hence, it is a positive sign for individuals such as me who are looking for establishing careers in the same in future. However, the boom in technology related jobs would also mean greater diversity in the workforce of which I shall be a part.
3 Pages(750 words)Essay
Learning Team Trends and Conditions Paper
Healthy diets generally are majorly composed of organic fruits, vegetables, and grains while at the same time being low in salt, sugar, cholesterol and saturated fat. Some of the adverse effects of eating unhealthy foods include higher risks of contracting heart disease, obesity, cancer, diabetes and stroke.
3 Pages(750 words)Essay
Trends and Challenges in Human Resource Management
According to Fitz - enz (2001), "The most significant human capital management change is the move towards collaboration" (p. 13). It is no longer feasible for departments or individuals to play the lone-wolf in today's organizational setting. It is the responsibility of the HR department to drive the point home and to see that resources are pooled for enhanced productivity.
3 Pages(750 words)Essay
Financial Trends Paper
The net income has also increased throughout the years 2001 to 2005 thus giving increased dividends to share holders. This also points to expansion in company and better utilization of assets to result in increased sales and profitability. We also see that return on equity for the last 3 years is in the range of 20 to 29% which makes Chevron a prized stock to hold and trade in.
2 Pages(500 words)Essay
Financial Trends Paper
The company selected is General Motors of the US which ranked third in 2007 Fortune 500. The following are the data extracted from the financial statements of General Motors for the years 2004 through 2006. What may be observed is that revenues had a slight
4 Pages(1000 words)Essay
Trends and challenges in HR management
omes with a greater investment requirement in terms of time and the processes that a company has to go through but the benefits can easily be said to outweigh the drawbacks. Amongst these benefits, the greatest comes from the timely manner in which performance is rewarded or how
3 Pages(750 words)Essay
Business Communications Trends Paper
These provide, to the users, a sequence and order of the documentation presented. This type of communication is utilized in a wide range of information presentation like sales figures, market data, and financial information among others. The
2 Pages(500 words)Essay
Trends and Challenges in Training and Development
In the past, quite a number of businesses have collapsed due to lack of transparency by the executives (Scott, 2014). Issues of poor accountability and corruption
3 Pages(750 words)Essay
Future Trends in Purchasing Paper
pply chain management is no longer viewed as just a profit-maximization venture but rather as pertaining to other pertinent factors such as supplier performance and global regulations (Callender, 2013). According to Callender (2013), the purpose of procurement is to explore the
3 Pages(750 words)Essay
Let us find you another Essay on topic Trends and Challenges Paper for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us