Join Todd Dewett for an in-depth discussion in this video Understanding rankings and comparisons, part of Performance Review Foundations.
…Managers have to make a lot of decisions, such as who…gets a raise or promotion, or who wins a particular award.…To make these types of decisions, they…often employ some form of ranking or comparison.…When used correctly, these approaches can also…be used for developmental purposes within the employee…review process, because they allow employees to know…where they stand in comparison to their peers.…To make a decision about a promotion or an award, a simple…comparison might work well.…That is, instead of comparing…people against defined standards, you're comparing…them against each other, to make a judgment about who's the best.…
However, for the purposes of employee appraisals,…telling someone where they stand relative to…others, is a topic that deserves to be treated with a little more care.…Which, unfortunately, is not always case.…You might recall one somewhat legendary use of rankings…that attracted a lot of attention in the business press.…I'm referring to the so called rank and yank practices…at General Electric, several years ago, under fabled leader, Jack Welsh.…
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- Understanding the performance cycle
- Setting performance goals
- Collecting performance data and feedback
- Writing the review
- Discussing performance with an employee
- Using a performance improvement plan (PIP)<br><br>
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.