Performance compensation management Essay Example | Topics and Well Written Essays - 500 words

Performance compensation management - Essay Example For example, it implores managers to pay special attention to the terms of agreement for probationary periods, methods for addressing poor performance and the risks posed by standard documents for legal contracts. The article is written in accessible prose and is concise in its articulation. The article sounds a warning to HR managers to take steps to not fall into common legal pitfalls, which would unnecessarily waste the company’s time and resources. This article offers an interesting alternative to how Performance Management is conventionally undertaken. Rather than focus on evaluation and appraisal, the article argues, giving emphasis to employee development is bound to lead to positive outcomes. This approach is to be applied without giving undue consideration to the competency levels of employees. The article makes the logically sound argument that Performance Management has a much broader scope than Performance Appraisal, in that it factors the following key components: â€Å"organization’s culture, its approach to measuring and rewarding performance, the attitude and skills of those responsible for its implementation and administration (whether this is human resources and/or line managers), and the acceptance, commitment and willing participation of both appraisers and appraisees†. Another merit attached with the article is its inclusive agenda, whereby top managers, line managers, HR personnel and other empl oyees collaborate to enhance overall efficiency and performance. Finally, the article underscores the importance of positive psychology in boosting performance. Announcement: Make employee appraisals easy for your managers with suggested feedback and development comments, HRDaily, published on 13 December 2012 7:05 am retrieved from on 11th January, 2013 This article is simple and to the point. The article is an advertorial, promoting an HRM tool for helping managers in writing