Our Services

Get 15% Discount on your First Order

[rank_math_breadcrumb]

Week 2 db 2

See attached

WK 2 DB 2

Prior to beginning work on this discussion forum,

· Review Chapters 4 and 5 from your textbook, 
Applied Psychology in Talent Management.

· Review the article 
Tear Off the Rearview MirrorLinks to an external site..

Address the following:

· Define the purpose of a performance management system.

· What are some of the benefits and challenges of a performance management system?

· Discuss how you have seen a performance management system working at a current or former employer or research a company online, noting the impact on employee behavior.

Guided Response: Your initial response should be a minimum of 200 words. Respond to at least two of your fellow students’ or instructor posts in a substantive manner and provide information or concepts that they may not have considered. Each response should have a minimum of 100 words. Support your position by using information from the week’s resources. 

Response 1

Reply from Katrina Medlen

The purpose of a performance management system is to systematically improve organizational performance by aligning individual performance with the company’s strategic goals. This involves setting clear expectations, providing ongoing feedback, and supporting employee development to drive productivity and enhance overall effectiveness. A well-designed performance management system aims to encourage a culture of continuous improvement, ensuring that employees are not only meeting their objectives but also contributing to the broader mission of the organization.

One of the primary benefits of a performance management system is the clarity it provides regarding performance expectations and career development opportunities. Employees benefit from having well-defined goals and regular feedback, which can enhance their motivation and job satisfaction. Additionally, it helps identify high performers and areas where further development is needed. However, challenges include the potential for performance reviews to become stressful events rather than constructive experiences. The process can be time-consuming for managers, and there is the risk of bias affecting evaluations. Also, if feedback is not delivered effectively, it can lead to disengagement or resentment among employees.

At Vituity, I’ve seen firsthand how our performance management system plays out in practice. We use a structured approach with quarterly performance conversations, which has made a significant difference in how we handle feedback and development. Employees, including myself, appreciate the regular check-ins because they allow us to discuss our progress in real time and adjust our goals as needed. This ongoing dialogue has fostered a more supportive and less stressful environment compared to traditional annual reviews. I’ve noticed that this approach helps build stronger relationships between managers and team members, enhancing trust and motivation. Employees feel more engaged and invested in their work, knowing their performance is regularly reviewed and aligned with the company’s goals. While there are still some challenges, such as ensuring consistent evaluations across the board, the overall impact of our performance management system at Vituity has been positive, contributing to a more dynamic and responsive workplace.

Response 2

Keira Radin

The purpose of a performance management system is to identify, measure and develop an employee’s performance. The company can then use this data to align the employee’s performance with the company’s goals. Employers and/or managers use the data they have collected on an employee’s performance to conduct reviews and give feedback to each employee. 

 One of the major benefits of a performance management system is the communication that it opens between employees and employers. Employees receive direct feedback from their employers and use their review time as an opportunity to discuss workplace feedback. Additionally, this type of management system allows employers to weed out the employees that aren’t up to their standards. A challenge of a performance management system is the amount of time the performance reviews and appraisals take up. Additionally, if an employee were to receive a disappointing review, they could become unmotivated. 

At the investment firm I work for I have an annual review with my boss to go over my performance. Her determination of my performance has a direct impact on my yearly bonus. During this review, we go over our successes over the past year and use this time to develop a business plan for the upcoming year. When developing the business plan, we can see what we did well and should stick to, and where we faltered and need to improve, while also setting our goals for the upcoming year. This annual review of my performance allows me to know where I need to progress, so that we can reach branch goals. Overall, I think this type of performance management has a positive impact on my behavior because it has always been a positive experience and has served as a motivator. 

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Information Speech

see below  Here you will submit your topic proposal for your Informative Presentation. The proposal has two parts: a  description and a  rationale. Your proposal should be about  two to three full paragraphs in length as follows: Part 1: Description · With the first part of your description, offer basic presentation information:

Psychology Assignment

Please check very well. No AI Due Sunday by 10:59pm Points 88 Submitting a text entry box or a file upload Attempts 0 Allowed Attempts 2 Start Assignment  Back to Week at a Glance ( ADVANTAGES & DISADVANTAGES OF ASSESSMENT TOOLS IN MENTAL HEALTH In this week’s Assignment, you

FP Week 3 Discussion 1

Case Study  A victim was stabbed in the left side of the neck in a fight and sustained a small superficial stab wound of the skin and jugular vein. There was a small pool of blood at the scene; the victim, however, expired in the ambulance on the way to

FP Week 3 Assignment

InstructionsInstructions Week Three Assignment – Questions Q1. What is the forensic significance of abrasions? (5 points) Q2. What are the methods used for estimation of time of death (PM interval)? (5 points)

MSW 531

Readings McInnis-Dittrich, K. (2020).  Social work with older adults: A biopsychosocial approach to assessment and intervention (5th ed.). Pearson. · Chapter 14: Income Programs, Health Insurance, and Support Services for Older Adults: Challenges and Opportunities Ferraro, K., & Wilmoth, J. (Eds.) (2013).  Gerontology: Perspectives and Issues (4th ed.). Springer. · Chapter 11:

Psychology

  Compose a personal statement describing how this course, the study of psychology of stress, supports both your short-term and long-term goals.  Goals can include curricular, extracurricular, professional, and personal experiences.  When composing this journal discuss from your perspective (I, my, me).  Your goals and aspirations are unique to you. 

WEEK 7

Cultural Sensitivity in the Workplace and Community Advanced human services professional practitioners are bound by laws (e.g., Title VII of the Civil Rights Act of 1964), by the NOHS code of ethics, and by organizational policies and procedures that promote ethical behavior and cultural sensitivity. Practitioners may encounter challenges when

Essentials of Psychology

SSC130: Essay Your project must be submitted as a Word document (.docx, .doc). Your project will be individually graded by your instructor and therefore may take up to five to seven days to grade. Be sure that each of your files contains the following information: Your name Your student ID

Week seven

Need help with assignment Discipline Tracker Although your focus is on a social work research topic, the knowledge you employ will come from different knowledge bases from several different disciplines. By searching different knowledge bases, you can incorporate a broader range of diverse perspectives and insights into your research. For

Psychology ABA 503- Assignment 2

ABA503 Assignment 2 Rubric Grading item Completely accurate in content and clearly articulated Partially inaccurate in content OR somewhat unclear in articulation Partially inaccurate in content AND unclear in articulation Item is missing or completely inaccurate in content Total Completed FAOF using data provided 25 17 8 0 Description of

Psychology ABA 503- Assignment 1

ABA 503 Assignments – Case Study Justin is a 13-year-old boy diagnosed with autism. He has an effective, but below average, use of spoken language but is able to communicate his emotions using picture cards that have a sad face, a neutral face and a smiley face. He is able

psychology

  1. Read Chapter 8: Biomedical Issues and Donations and research 2 other sources (include these in your reference section). 2.  Discussion Questions:  Provide arguments for and against each of the following basing your arguments on relevant research: a. National legislation legitimizing mercy killing. b. National legislation legitimizing the selling of human organs. c.  The establishment of national

Mandated Reporting

Defend the application of the mandated reporting laws in a scenario. Required Resources · Applying Ethical Theories to Ethics Codes and Ethical Decision Making Knapp, S. J., & Fingerhut, R. (2024). Applying ethical theories to ethics codes and ethical decision making. In  Practical ethics for psychologists: A positive approach., 4th

Psychology Assignment

Please follow instructions and NO AI Due Sunday by 10:59pm Points 88 Submitting a text entry box or a file upload Attempts 0 Allowed Attempts 2 Start Assignment  Back to Week at a Glance ( THEORIES OF PSYCHOLOGICAL DISORDERS This week, you explore a variety of models that help

Physiological Psychology

see attachment Final Reflection We have concluded the course content! I invite you to write a final reflection describing your learning experience. This activity consists of preparing a piece of writing containing the following: · What were your expectations at the beginning of the course? · Your experience in the

Psychology Can someone help me with my mental health homework?

Common elements of religious systems Common elements of religious systems: COSMOLOGY Conception of the basic nature of man/woman and the universe MYTHOLOGY Beliefs about god/goddesses; attributes of the supernatural ANIMISM Conception of the soul(s); ideas and beliefs about spirits Common elements of religious systems: ESCHATOLOGY Hierarchy of the supernatural SPIRITS

week 6 discussion QUAN

  After reading the chapter written by Baron and Kenny as well as MacKinnon, what are the properties of mediator and moderator variables? What are the differences? Why is it important to be able to distinguish the differences? As part of your original post, please find one article in your