Академический Документы
Профессиональный Документы
Культура Документы
1. Leniency/Severity
2. Halo/Horns Effect
3. Central Tendency
4. Actor-observer bias
5. Representativeness
6. Availability
7. Anchoring
Limitation of Performance
Appraisal
Efforts for short-term reward instead of long term
success of organization
Supervisors consider EPA as reward punishment
exercise, not on overall skills and potential of the
employees
Routine paperwork exercise rather than objective
critique of the individual’s performance
Individuals consider the exercise as biased or unfair
Subordinates react negatively when evaluators offer
unfavorable comments.
Personal biases and inconsistencies of the individual
conducting EPA may undermine the efficacy of the
entire exercise
Benchmarking
Gauging the internal practices and activities
with an external standard or reference
Shaping
1. Identify a benchmark
2. Identify comparables
3. Data on comparables
4. Internal data
5. Set specific targets
6. Train staff to meet targets
7. Feedback and reinforcement
8. Progress review
BARS
Employee Compensation Package
Employee Compensation Package
refers to all forms of pay and
rewards received by the employees
for the performance of their jobs,
including cash, bonuses, benefits,
facilities and perquisites.
Well Conceived Employee
Compensation Strategy
Identification of the Objectives of the
Employee Compensation Strategy
Review of Compensation Plan
Identification of the Positions and Prepare
their Job Descriptions
Well Conceived Employee
Compensation Strategy
Evaluation of the relative importance of
the Positions and their significance for
achieving the objectives
Comparison of the Compensation
Packages with the packages offered by
the competitors
Administration of the Compensation
Program
Communication of the Compensation
Package
Objectives of Reward & Employee
Compensation System
Obtaining support of employees
Building relationship between the employer
and the employees.
Deriving significant value-addition at all the
stages of customer service
Inducting and retaining a pool of suitably
skilled and motivated work force.
Objectives of Reward & Employee
Compensation System
Inculcating a sense of financial transparency
and fairness of the compensation and reward
system among the employees.
Articulating in precise terms the
organization’s expectations of employee
performance and service standards to create
a competitive business advantage.
Aligning the compensation and reward
packages with the comparative packages
offered by the competitors.