Effective performance management is essential to businesses. Through both formal and informal processes, it helps them align their employees, resources, and systems to meet their strategic objectives. (a) Distinguish between performance management with performance appraisal. (b) Explain performance appraisal process. (c) Discuss FIVE (5) elements that could influence the construct of direct financial compensation in organization.

Effective performance management is essential to businesses. Through both formal and informal processes, it helps them align their employees, resources, and systems to meet their strategic objectives. (a) Distinguish between performance management with performance appraisal. (b) Explain performance appraisal process. (c) Discuss FIVE (5) elements that could influence the construct of direct financial compensation in organization.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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