Continuous Professional Development (CPD) can be understood as an educational process by which professional people maintain, enhance and broaden professional competence.
Evolution of performance appraisal system and methods
Performance appraisal system is the process of evaluating the performance of an employee (Schermerhorn, Hunt, & Osborn, 2002). The information gathered from such evaluation is shared with employees.
Identifying the key performance indicators for performance management
Since the 1980s there has been an increasing emphasis on the importance of performance management systems. It involves the identification of certain parameters, also known as key performance indicators to effectively evaluate the performance of an employee
Goal-setting theory and performance management system
Goal-setting theory refers to the effects of setting goals on subsequent performance. Researcher Edwin Locke found that individuals who set specific, difficult goals performed better than those who set general, easy goals (Yearta, Maitlis, & Briner, 1995).
Role of organizational justice theory in performance management
Organizational justice theory helps the performance management process of an organization to make it more transparent, trustworthy, and reliable.
Expectancy theory and performance management system
Expectancy is a belief for performing a job satisfactorily, instrumentality involves rewards for performances and valence focuses on the value of the positive rewards (Parijat & Bagga, 2014).
Stack ranking performance management system in General Electric (GE)
The main business of GE is production of aircraft engines, power generation, oil and gas production equipments, medical imaging, financing and industrial equipment.
Behavioral approach of measuring performance of employees
Behavioural approach is the most commonly adopted approach and comprises of vertical scales which are based on certain parameters.