This document provides an overview of performance management concepts from a textbook. It discusses defining performance through goal setting, monitoring and evaluating performance, reviewing performance through feedback and coaching, and providing consequences through rewards and punishments. Common pitfalls in performance management like biases in evaluations are also addressed. The document contains chapter materials on these performance management elements with examples and best practices. Copyright information is provided at the bottom of most pages.
12. individual, group, or organizational performance. These are
commonly some type of accounting measure—sales, profit, or
error rate. Increasingly these may also include customer
satisfaction.
Behavior and actions: teamwork, cooperation, risk-taking, and
creativity.
Nonperformance considerations: customary or contractual,
where the type of job, nature of the work, equity, tenure, level
in hierarchy, etc., are rewarded.
Measures, rewards, and distribution criteria need to be aligned
to have effective PM.
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When Rewards May Fail
Too much emphasis is placed on monetary rewards.
Overtime rewards are seen as entitlements.
They foster counterproductive behaviors.
A lag occurs between performance and reward.
Reward structures are not tailored to goals, tasks.
They have a short half-life.
Organizational policies and practices are misaligned.