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Showing posts from February, 2021

PERFORMANCE MGT. SYS. 2

 While many companies carry out one form or the other Performance Appraisal System (PAS), which  is a subset of PMS, many have not come to gribs with the uses of this wonderful management tool. Having been involved in setting up, reviewing and execution of PMS in several companies, my experience/observation are as follows:- - The usefulness of a PAS is directly proportional to it's complexity. - The benefits to all parties is directly related to the simplicity of the goal setting process. - PAS has more acceptability when used for more than salary increment. - PAS becomes a disincentive for performance when not used for salary increment. - All parties become happier when PAS is used for profit sharing.

PERFORMANCE MGT. SYS. 1

 All Contents for February, 2021 are preparation for breaking three legs of the table in March. In the most practical form, performance management system entail majorly the following:- - Establishment of the Org. Chart. - Establishment of relationships. - Preparation of detailed job descriptions. - Establishment of performance circles. - Job assignments. - Setting of SMART goals/targets. - Measurement actual performance against goals/argets (Appraisals). - Rewards. - Counselling - Punishment. - Training. - New begining. Do all organisations properly appropriate the benefits of PMS?

EMPLOYEE STEALING 8

 As I conclude this employee stealing series, I shall mention high employee stealing. To understand this content with an open mind, go to YouTube and listen to two music. - Authority Stealing by Fela Anikulapo Kuti. -Mr President by African China. I worked in two different companies where their retiring managing directors (Damaging Directors) sold the official residences to themselves when it was apparent that they were not the last managing directors. In another company, one evening when the head of finance was leaving for home, security men discovered a large sum of money in his car. Just like a popular drama series title "the rich also cry", the high an mighty in organisations also steal.