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PERFORMANCE APPRAISAL

Performance Appraisal – Meaning “ Performance Appraisal is a systematic evaluation of an individual with respect to performance on the job and individual’s potential for development.”  “ Performance Appraisal is formal, structured system of measuring, evaluating  job related behaviors and outcomes to discover reasons of performance and how to perform effectively in future so that employee, organization and society all benefits.” After reading the above definition we can say that Performance Appraisals is the assessment of individual’s performance in a systematic way. It is a developmental tool used for all round development of the employee and the organization. The performance is measured against such factors as job knowledge, quality and quantity of output, initiative, leadership abilities, supervision, dependability, co-operation, judgment, versatility and health. Assessment should be confined to past as well as potential performance also. The second definition is more focu
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COMPENSATION

Concept and Meaning of Compensation Management INTRODUCTION According to Barneat (1995), compensation is "equal in the opposite sense the effect of the thing with other" or” giving or make a profit in compensation for any damage caused", both definition can be found at the main element, the idea of exchange or return. If move this idea to the organizational field appears, immediately, the relationship between person and organization, a resource sharing relationship in which the feeling is reciprocal, where both elements what are offering and what are getting in return. (Chiavenato, 2000). This relation is established when the people bring to the work in exchange for something that receive in return. It is here where appears the concept of compensation, which is far from playing an instrumental role, becomes a important factor that determined the existence of the organization (Fern a ndez, 2002). The compensation is concerned when the gratification that employee
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PARTICIPATIVE MANAGEMENT

Meaning & Concept of Participative Management Type of  management  in which  employees  at all levels are encouraged to  contribute   ideas  towards identifying and setting  organizational-goals ,  problem solving , and other  decisions  that may directly affect them is called  Participative Management/ consultative management . Participative management is a relatively new concept in management. It is a concept where organization decision makers include those affected by decisions within the decision making process; this method effectively ensures that everyone’s needs are met before making an organization decision. This method is a method that gives the employee empowerment as he/she has more accountability and responsibility. Also it shows that an organization has trust and values their employees. Organizations that implement such as approach also understand that management only cannot create innovative ideas especially since they do not interact directly with customers who
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RECRUITMENT, SELECTION, PLACEMENT & INDUCTION

Recruitment – Meaning The  process  of finding and hiring the best-qualified  candidate  (from within or outside of an  organization ) for a  job  opening, in a timely and  cost   effective  manner. The recruitment process includes analyzing the  requirements  of a job, attracting  employees  to that job,  screening  and selecting  applicants , hiring, and integrating the new employee to the organization. Source & Methods of Recruitment Every organisation has the option of choosing the candidates for its recruitment processes from two kinds of sources 1.        Internal Sources 2.        External Sources The sources within the organisation itself (like transfer of employees from one department to other, promotions) to fill a position are known as the internal sources of recruitment. Recruitment candidates from all the other sources (like outsourcing agencies etc.) are known as the external sources of recruitment.  The internal recruitment sources are very important, b
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