Management by Objectives (Mbo) Method Involves Setting Specific Measurable Goals with Each Employee and Then Periodically Reviewing the Progress Made.
Why should organizations engage in HR Planning? Why do some organizations require relatively complex and comprehensive HR planning systems than do others? Discuss.
Planning means looking ahead and chalking out the future courses of actions to be followed. The ongoing process of systematic planning to achieve optimum use of an organization 's most valuable asset is human resources department. The objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand, analyzing present labor supply, and balancing projected labor demand and supply.
Management by Objectives (MBO) method involves setting specific measurable goals with each employee and then periodically reviewing the progress made.
Advantages:
1. It sets objectives that are quantifiable and measurable.
2.It includes the employee participation in objective-setting process.
3. It also involves employee’s active participation in developing the action plan.
4. It provides an opportunity for manager and employee to discuss progress and modify objectives when necessary.
Disadvantages:
1. It is time consuming.
2. It may result in a tug-of-war or to and fro discussions between manager and employee for setting the objectives, action plan etc. Behaviourally Anchored Rating Scales (BARS) is an appraisal method that combines the benefits of narrative critical incidents and quantitative ratings.
Advantages:
1. It is a relatively more accurate method of measure.
2. It has very clear defined standards.
3. It helps in providing specific constructive feedback to employees.
4. It is independent of dimensions and a consistent method for appraisal.
5. It is developed through active participation of both managers and job incumbents.
6. It has a greater chance of acceptance as both managers and incumbents are involved in its
Planning means looking ahead and chalking out the future courses of actions to be followed. The ongoing process of systematic planning to achieve optimum use of an organization 's most valuable asset is human resources department. The objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand, analyzing present labor supply, and balancing projected labor demand and supply.
Management by Objectives (MBO) method involves setting specific measurable goals with each employee and then periodically reviewing the progress made.
Advantages:
1. It sets objectives that are quantifiable and measurable.
2.It includes the employee participation in objective-setting process.
3. It also involves employee’s active participation in developing the action plan.
4. It provides an opportunity for manager and employee to discuss progress and modify objectives when necessary.
Disadvantages:
1. It is time consuming.
2. It may result in a tug-of-war or to and fro discussions between manager and employee for setting the objectives, action plan etc. Behaviourally Anchored Rating Scales (BARS) is an appraisal method that combines the benefits of narrative critical incidents and quantitative ratings.
Advantages:
1. It is a relatively more accurate method of measure.
2. It has very clear defined standards.
3. It helps in providing specific constructive feedback to employees.
4. It is independent of dimensions and a consistent method for appraisal.
5. It is developed through active participation of both managers and job incumbents.
6. It has a greater chance of acceptance as both managers and incumbents are involved in its