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Subject:
Management
Type:
Essay
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English (U.S.)
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$ 4.32
Topic:
HR-U6-D
Essay Instructions:
Performance Measurement Fairness
The forced ranking approach to performance management is sometimes used to identify those top performers to be retained and those bottom performers to let go. Jack Welch of General Electric introduced and later championed this method, called by critics "rank and yank," and other companies such as Lending Tree and American International Group (AIG) use it.
Describe the activities involved in the performance management process.
The forced ranking approach is one of several methods of managing performance described in the textbook.
Compare and contrast the fairness of forced rankings relative to two other methods of measuring performance described in this chapter.
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Performance Management Process and Evaluation Methods Analysis
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Performance Management Process and Evaluation Methods Analysis
Several vital activities comprise the performance management process, all meant to improve organizational and personal effectiveness. First, planning is where managers and employees establish performance expectations and goals. Ongoing monitoring and feedback from the time that performance eventually begins. Performance reviews are conducted, employee achievements are documented, and areas for improvement and development opportunities are identified (Bateman, 2021). But the process ends with formal performance evaluations that help determine compensation, promotion, and career development.
Forced Ranking Comparison with Other Methods
Graphic Rating Scales vs. Forced Rankings
Forced rankings entail managers ranking employees based on a predetermined operati...
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