Day: July 22, 2021

Remuneration Package SPECIFIC OBJECTIVES At the end of this topic, the trainee will be able to: – State the meaning of remuneration Identify the components of a remuneration package Discuss factors affecting remuneration Introduction Compensation and pay are not synonymous Read More …

MULTI-RATER ASSESSMENT / MULTI-SOURCE ASSESSMENT This is currently a very popular method of performance appraisal. It is also known as 360-degree feedback. 360-degree feedback is “The systematic collection and feedback of performance data on an individual or group derived from Read More …

PERFORMANCE APPRAISAL Performance appraisal is a process concerned with determining how well employees are doing their jobs, communicating that information to the employees and establishing a plan for performance improvement. Appraisal is the judgment of an employee’s performance in a Read More …

PERFORMANCE MANAGEMENT Definition This means the integration of employee development with results based assessment. It encompasses performance appraisal, objective setting for individuals and departments, appropriate training programmes and performance related pay. Performance management emphasis development and the initiation of self-managed Read More …

HUMAN RESOURCE MANAGEMENT REWARD POLICY AREAS The main areas in which reward policies need to be formulated are: The relationship between rewards and business performances Flexibility The level of the rewards Market rates Equity Performance related rewards Pay structures Delegation Read More …