Colorado Technical University Managing Employee Performance Presentation

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Business Finance

Colorado Technical University

Description

5–7 PowerPoint slides; 200–250 words speaker notes per slide; min. 4 references

Senior leadership at Matrix International Corporation now has a strong understanding of the importance of performance management and its value to the company. Their knowledge came as a result of the information that you provided to them in your executive summary. The human resources department and your supervisor, Annalise Zajac, the Director of Human Resources, are very proud of the foundation that you have built for them. Annalise has asked you to prepare a PowerPoint presentation in which you evaluate a minimum of 3 different approaches to evaluating performance to share with the HR department. The following must be included in your PowerPoint presentation:

  • What are three approaches to evaluating performance?
  • How is each typically used?
  • What are the advantages and disadvantages of each approach?


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Explanation & Answer

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Performance
Evaluation/Appraisal
Approaches
Student’s Name
Affiliation

Course Name and Number
Instructor’s Name
Due Date

Introduction to Performance
Evaluation/Appraisal Approaches


Process of observing and obtaining
information about individual
employees’ job effectiveness and
performance;



Crucial for both organizational
effectiveness and motivation of
employees;



Modern (future-oriented) approaches
✓ Management
✓ Assessment
✓ 360-Degree.

by Objectives (MBO);

Centers;

Management by Objectives (MBO) Approach
❑ Used

first by Peter Drucker
(1954);

❑ Requires

the formulation and
creation of objectives that
employees can achieve in the
future;

❑ Comprises

of three primary

processes;
✓ Objective

formulation

✓ Execution

process

✓ Performance

feedback.

Assessment Centers Approach


Utilized in observing behaviors across
an array of identifiable work samples
and exercises;



Comprises features designed to
facilitate the assessment competency
essential to perform a given task;
✓ In-tray

exercises

✓ Group

discussion

✓ Case

study

✓ Business

games

✓ Psychometric

Test.

360-Degree Approach
❑ Used

to provide employees with
information on how their actions
influence others;

❑ Evaluation

inputs are sought from
stakeholders: s...


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