Preview

Hr Terminology

Powerful Essays
Open Document
Open Document
4172 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Hr Terminology
Glossary of HR terms Term Absolute ratings Definition A rating method where the rater assigns a specific value on a fixed scale to the behavior or performance of an individual instead of assigning ratings based on comparisons between other individuals. The Accident Compensation Corporation

Accident compensation Affirmative action

Also : Positive discrimination. Carried out on behalf of women and disadvantaged groups and members of such groups are placed in dominant positions.

Appraisal Attrition

See Performance planning. A term used to describe voluntary and involuntary terminations, deaths, and employee retirements that result in a reduction to the employer's physical workforce. Leader determines policy of the organisation, instructs members what to do/make, subjective in approach, aloof and impersonal. A popular strategic management concept developed in the early 1990's by Drs. Robert Kaplan and David Norton, the balanced scorecard is a management and measurement system which enables organisations to clarify their vision and strategy and translate them into action. The goal of the balanced scorecard is to tie business performance to organisational strategy by measuring results in four areas: financial performance, customer knowledge, internal business processes, and learning and growth. An appraisal that requires raters list important dimensions of a particular job and collect information regarding the critical behaviors that distinguish between successful and unsuccessful performance. These critical behaviours are then categorised and appointed a numerical value which is used as the basis for rating performance. An interview technique which focuses on a candidates past experiences, behaviours, knowledge, skills and abilities by

Autocratic leadership Balanced Scorecard

Behaviorally anchored rating scale (BARS)

Behavioural based

1

interview

asking the candidate to provide specific examples of when they have demonstrated certain

You May Also Find These Documents Helpful

  • Better Essays

    A balanced scorecard is a tool to provide management a way to bridge the gap between the organization’s strategy and vision and the operational processes used to do business. It enables the company to look at more than just the financial targets, but to include nonfinancial measures such as customer service, internal business processes and more. These intangible measures provide better focus on the organization’s long-term strategies.…

    • 1163 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    The Balance Scorecard is used as strategic tool and as an organization technique to achieve desired goals. The concept is used to bring into line an organization’s performance towards its objectives and vision. The scorecard can also be used to develop communication and response between the management and employees for monitoring…

    • 130 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Strategic Plan Iii

    • 1081 Words
    • 5 Pages

    A balanced Scorecard was circulated by Robert Kaplan and David Norton in 1992. This measures the current performance in the financial terms; the Balanced Scorecard also evaluates the business efforts for the future improvements using the process, customer, and learning and growth metrics. This can signify the balance among short-term objectives and long-term objectives, financial measures and non-financial measures, internal performance and external performance perspectives, and any lagging indicators and leading indicators.…

    • 1081 Words
    • 5 Pages
    Good Essays
  • Better Essays

    * According to R.W.Hilton of Managerial Accounting: Creating Value In A Dynamic Business Environment, a Balanced Scorecard is a model of business performance evaluation that balances measures of financial performance, internal…

    • 1299 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    The balanced scorecard is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals. It was originated by Drs. Robert Kaplan (Harvard Business School) and David Norton as a performance measurement framework that added strategic non-financial performance measures to traditional financial metrics to give managers and executives a more 'balanced' view of organizational performance.…

    • 3154 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    Balanced Scorecard

    • 345 Words
    • 2 Pages

    The balance scorecard is used as a strategic planning and a management technique. It is widely used in many organizations, regardless of their scale, to align the organization's performance to its vision and objectives. The scorecard is also used as a tool which improves the communication and feedback process between the employees and management, and to monitor performance of the organizational objectives.…

    • 345 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Kaplan, R.S. & D.P. Norton. (1996). Using the balanced scorecard as a strategic management system. Harvard Business Review 74(1), 75-86.…

    • 4559 Words
    • 19 Pages
    Powerful Essays
  • Better Essays

    Measurement System

    • 851 Words
    • 4 Pages

    The primary objectives of this case were to create a performance measurement system by balanced scorecard in order to understand how the company has performed and its impact on performance. The analysis considers internal and external factors of the scorecard to the company.…

    • 851 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    yfug

    • 282 Words
    • 2 Pages

    Review your organization in terms of the Balanced Scorecard's four performance "perspectives": financial indicators for measuring performance; the customer's overall satisfaction with the organization; the productivity and efficiency of the organization's internal systems and functions; and the organization's success in using its employees---or people resources---to the best advantage.…

    • 282 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    A comparison of an employee’s performance to standards that are already pre-determined to the organization is called a performance appraisal. Performance appraisal is the systematic evaluation of the performance of the employee and to understand the abilities of a person for further growth and development (Performance appraisal, 2008).If performed correctly, this can be very beneficial to the growth of employees as well as the organization.…

    • 818 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Bank of Montrial Analysis

    • 657 Words
    • 3 Pages

    The root problem of Bank of Montreal was how they could focus each and every employee on the success of the company. BMO needed to meet the needs of the 4 shareholders: BMO shareholders, customers, employees, and communities.…

    • 657 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Balanced Score Card

    • 1932 Words
    • 8 Pages

    The balanced score card is a vital management concept that enables managers to link the gap between tactical objectives counter to operational excellence. It also provides feedback concerning the business internally and its external outcome for continuous improvement of the overall performance. When the four elements of the balanced score card are integrated fully it alters strategic planning into sustainable execution .…

    • 1932 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Performance Management

    • 2142 Words
    • 9 Pages

    In the early 1990 's, Dr. Robert Kaplan (Harvard Business School) and Dr. David Norton, developed a new system for performance measurement, called the balanced scorecard. The balanced scorecard is a management system (not only a measurement system) that enables institutions to clarify their vision and strategy and translate them into action. It provides feedback around both the internal business processes and external outcomes in order to continuously improve strategic performance and results. The balanced scorecard suggests that institution or organization should be viewed from four perspectives including both financial and non-financial measure:…

    • 2142 Words
    • 9 Pages
    Better Essays
  • Powerful Essays

    A balanced scorecard is a performance measurement that focuses on the changes managers can make to create future shareholders. The scorecard should include objectives, measures, and targets that must be met during the projects life cycle. The balanced scorecard should contain quantifiable measures that are associated with the…

    • 927 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    This process determines the measurement of performance and helps in the development of employees. The main objective in this process is to improve the performance of individuals to ultimately improve the efficiency and productivity of the company. Appraisals subjectively assist post holders to understand the accountabilities and performance standards of a company. The process provides the opportunity into looking at what the company has achieved and what it can achieve. The tool helps set objectives for the next period in hopes of achieving a higher sales target for example.…

    • 1507 Words
    • 7 Pages
    Good Essays