Impact of performance evaluation on employees motivation and Literature review

Impact of performance evaluation on employees motivation and productivity - Literature review Example 9 2.6 Performance Evaluation†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 11 2.6.1 Different appraisal methods†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦12 2.6.2 Advantages and Disadvantages of an Appraisal†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.14 2.6.3 Limitations of Performance Appraisal†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦16 2.7 Factors that affect Productivity†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦17 References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â ‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦......20 IMPACT OF PERFORMANCE EVALUATION ON EMPLOYEES MOTIVATION AND PRODUCTIVITY (A Case Study) 2. Literature review 2.1 Introduction Performance evaluation is an aspect of organizational progress that facilitates productivity and innovation. Performance evaluation looks at the issues that lead to progress in the daily activities of employees. Performance evaluation links the goals and objectives of an organization with the individual actions and behavior. Organizations set standards for measuring performance evaluation against performance (Armstrong 2006). Such standards guide the daily performance of employees and give a level ground for measuring success. Performance evaluation aims at enabling employees to follow procedures and guidelines that are in line with the aims and objectives of an entity. Such conduct gets looked at by evaluating the conduct of employees alongside set organizational standards. Performance evaluation in many entities determines the punishment and reward that gets accorded to employees. This shows that individuals have to behave in a certain manner in order to realize the diverse performance measures set by their entity. Failure to obey the rules may lead to loss of job, lack of bonuses, stagnation, and demotion at the work place. This indicates that performance evaluation has the ability to influence motivation and productivity in the workplace (Waal 2007). Moreover, the human resource function uses performance evaluation as a tool of ranking the level of employees in the entity. Organizations must have the capability to objectively distinguish employees in relation to performance. This should happen to al employees in an organization. Employees who are underperforming should get the assistance and opportunity to progress. Leaving poor perf ormers in the entity sends incorrect signals to other individuals who are performing well. Successful employees should be recognized for the effort put in daily operations. Performance evaluation is a critical facet of the human resource function (Bohlander, Snell, & Sherman 2001). As a result, employees should be subjected to reasonable appraisal methods. These methods must be understandable in terms of their relevance to all individuals in the entity. This will make workers behave in a way that is pleasing to the organization. However, this does not signify that things go as intended in performance evaluation. Organizations have been blamed of not following the correct process in guiding the actions of employees. This in turn influences motivation and productivity in the organizational context (Waal 2007). In conclusion, performance evaluation has led to the success of numerous organizations. Handling performance evalu

Discussion Assignment Example | Topics and Well Written Essays - 250 words - 4

Discussion - Assignment Example My choice of the percentage difference is a function of age and health because the two determine my choice of medical insurance plan. If I were elderly and/or sickly, I would chose a traditional unrestricted indemnity plan because it provides a patient with choice and security (Santerre and Neun 110). 2. Suppose the supply curve of medical services is perfectly inelastic. Analyze the impact of an increase in consumer income on the market price and quantity of medical services. Next, assume the demand for medical services is perfectly inelastic while the supply curve is upward sloping. An increase in consumer income will cause an increase in demand and market price but the quantity supplied will remain unchanged because medical practitioners have no choice in supplying medical services (Santerre and Neun 115). Prices of medical services will increase in response to increased costs of production. This will eventually in an increase in the supply of medical services. Producers always increase supplies when there is a price increment. However, there will be no change in the quantity demanded because consumers have no choice in the consumption of medical services as indicated by a perfectly inelastic demand curve (Santerre and Neun 115). In a perfectly competitive situation, lack of information may result in high prices and low quality of a medical good. This is because price and quality of products is unknown to consumers and producers. Producers may take advantage of consumers by producing low quality products and charging high prices so as to improve their profit margins. 3. 1. Explain the difference between the explicit and implicit costs of production. Cite an example of each. Suppose you are to specify a short-run total variable cost function for a nursing home. Explain the variables you would include in the function. What is the expected relation between a change in each of these variables and short-run total variable costs? Explicit costs are