Give and explain major benefits of the performance appraisal.
Enhance communication between managers and employees- In many cases, managers and employees do not get along and cannot understand one another. However, issues that stem from a lack of communication may be resolved through performance appraisal.
Motivates employees- often, performance appraisal serves as a tool to motivate workers. A firm may choose to offer the best performing employees rewards that will encourage other employees to do work harder.
Builds relationships- Through performance appraisals, employees and their employers can sit down to deliberate on various issues concerning their performance.
Give and explain the three pros and cons of both Quantitative and Qualitative Measures.
Quantitative measures
Advantages
It involves the fast speed of collecting data
The planning process for messages and programs is reliable due to repeatable information
Can be anonymous which is vital when dealing with sensitive issues
Disadvantages
There is a limited ability when probing for answers
Also, there is a false focus on numbers
Can be misleading since the solutions derived may not apply to all
Qualitative
Advantages
Allows one to explore topics with more detail
Less expensive since there is no need for recruiting many participants
It offers flexibility because one does not need to interview a large group of people.
Disadvantages
Cannot quantify the number of audiences
Does not allow one to use their findings as to the basis of broader audience or people
It cannot generalize the findings
Give and explain five considerations to make Team Rewards fair.
Transparent reward system- The company should consider communicating with its staff regarding the calculation of their pay rates.
Recognition of top performers- The company needs to ensure fair rewards for its employees that perform better than others. Such a step will encourage them to continue putting the same effort into the future.
Ensure equal opportunities for all- The organization should give its staff equal chance to succeed and progress in the company.
Avoid favoritism- In case two people are doing precisely the same task, and there are similar results, both should receive equal compensation.
Periodic benchmarking- The company should try to find out how employees from other companies are compensated. In case they are paid higher, then it makes an effort to raise its compensation for its employees.