Unit-5 Performance Appraisal and Compensation Management
Purpose of Performance Appraisal
Performance Appraisal is a systematic evaluation process conducted by an organization to underst...
Trait Methods of Performance Appraisals
Performance appraisals are critical for the effective management and evaluation of employees. Tra...
Behavioural Methods of Performance Appraisals
Behavioural methods of performance appraisal focus on evaluating the behaviours and actions of em...
Result Methods of Performance Appraisals
Results methods of performance appraisal focus on the outcomes or results achieved by employees r...
Process of Performance Appraisal
The performance appraisal process is a structured approach to evaluating and enhancing employee p...
Components of compensation
Compensation encapsulates the total remuneration and benefits provided to employees in exchange f...
incentive payments
Incentive payments are additional compensations awarded to employees over and above their regular...
types of incentives
Incentive schemes are designed to motivate employees and enhance their performance. These schemes...
group incentives
Group Incentive Schemes: Group incentive schemes are designed to encourage teamwork and collectiv...
managing employee benefits
Fringe benefits are non-monetary forms of compensation provided to employees in addition to their...