Performance Management

Performance Management - You need to know to hug em when...

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Making Course Corrections (Performance Management) “You need to know to hug ’em when they need to be hugged and kick ’em when they need to be kicked.” - Jack Welch
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Performance Management (Agenda) PERFORMANCE MANAGEMENT q Performance-Based Rewards q Folly Reward Systems q Problems with Performance Reviews EXAM 1 ESSAYS
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Performance Management (Performance-Based Rewards) Organizational rewards Stock ownership Stock options Profit sharing Team rewards Gainsharing Bonuses Individual rewards Piece rate Commissions Bonuses Merit pay
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Performance Management (Avoid the Folly) THE FOLLY q Examples q Causes q Solutions 7 HABITS OF HIGHLY EFFECTIVE REWARDS (FATROPE) q Flexible, Available, Timely q Reversible, Observable, Performance-Based, Enduring CONNECTIONS WITH MOTIVATION q Expectancy q Equity q Goal-setting “…the firm was hoping for performance, while rewarding attendance. What it got, of course, was attendance.” - Kerr (11)
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This note was uploaded on 11/27/2011 for the course BUS M 390 taught by Professor Loriwadsworth during the Fall '10 term at BYU.

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Performance Management - You need to know to hug em when...

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