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Essay / Research Paper Abstract
This 3-page paper focuses on performance managemnt questions and the metrics involved.
Page Count:
3 pages (~225 words per page)
File: D0_MTperfmetr.rtf
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Unformatted sample text from the term paper:
play in the performance management process? Performance metrics, in their most basic form, are measurements of a particular employees performance. Though performance,
in many cases, can be somewhat difficult to measure quantitatively, there are ways - for example, how quickly an employee finishes up an assignment is one. Whether that employee comes
to work on time and is not a "clock watcher" is another. In terms of performance management, metrics give the employees superior an idea of an employees output, in other
words, how well he/she managers time, task flow and other quantitative factors. In using this particular tool, metrics are an important part of the performance management process, as it also
allows the boss to target potential challenges an employee faces and helps devise a strategy to help that employee beat the challenge. What value, if any, can benchmarking play in
the performance management process? Benchmarking is the process of comparison to a pre-set norm. For example, industry benchmarks are the norms for
industry. Companies try to best that benchmark and set new ones. The same thing can be done in a performance management setting. If were relying on performance metrics and quantitative
output, benchmarking becomes a good basis tool for an employee. In other words, this employee knows where the "starting point" is, and knows what he/she has to beat to reach
the next level. The beauty of benchmarking in performance management scenarios are the flexibility; once an employee has established, than beaten, the benchmark in question, a new one can be
established. This allows the employee to improve and grow over time, and gives him/her good quantitative feedback. How exactly should performance metrics and benchmarking data be utilized in setting individual
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