Assignment Task:
Effective Performance Management Appraisal Methods - Traditional vs. Modern Approaches
For the Week Assignment, you are tasked with drafting a summary of content for an organization of at least 1,000 employees. The topic for this assignment is effective performance appraisal methods. For this assignment, you are the corporate HR compensation manager. As such, you oversee job evaluation and classification, performance measurement, and compensation. For purposes of your research, you may choose from three different industries:
1. Manufacturer of Kitchen Appliances
2. Fast Food Franchise - Deli Sandwiches
3. Information Technology - HR Software
Based on the industry selected, consider three or more job categories most commonly employed at your organization. Based on these job categories, which performance appraisal methodology would be appropriate, in your opinion, for each job category identified and why? Whatever you decide, you must explain your choice(s) by job category and justify your answer(s). Your choices are:
- Traditional Methods of Performance Appraisal
- Critical incident Method
- Forced Choice or Ranking Method
- Free Form Essay Method
- Graphic Rating Scales
- Paired Comparison Method
- Modern Methods of Performance Appraisal
- 360-Degree Feedback
- Assessment Centers
- Behaviorally Anchored Rating Scales (BARS)
- Management by Objectives (MBO)
- Self-Evaluation
To be successful, students are required to research and evaluate each of the typical performance appraisal methods listed above. Bear in mind that there is "no one size fits all" performance appraisal method for an organization. Performance appraisal methods used by organizations depend on the industry, the internal classification of the jobs, and the use of performance measurement systems in determining one's level of productivity and, in turn, level of compensation. Thus, one's eligibility for recognition and financial reward(s) depends largely on the performance measurement process selected by an organization. This is because an organization hires employees in a variety of job categories, some of which are hourly, while others fall into technical, professional, or management jobs. As such, performance appraisal methods will vary in order to capture the most realistic performance appraisal elements that would apply for a given position.