Accounting technicians scheme west africa
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- Post Appraisal Interview
- Continuous Feedback
- Measure significant behaviour
- A.15 Wages and Salaries Administration (Employee Compensation)
| Less Time Consuming Effective performance appraisal systems are designed to be economical and less time-consuming to get maximum benefits. HR personnel need not waste all their valuable time only on the managerial tasks. With a good performance appraisal system, they can spare time and effort to focus on other important and productive jobs. i) Post Appraisal Interview A post appraisal talk should be arranged between employees and immediate superior to exchange feedback. This helps the organization to learn about the problems and difficulties the employees facing and discover suitable training. Action should betaken on the feedback of employees to build mutual trust between the employees and the management. j) Continuous Feedback Modernized performance appraisal systems are the most effective ones. The system is not an annual process anymore, but a process that happens throughout the year. The ratings at the end of the year are not a surprise to the employees because of the continuous feedback delivered by managers on the employees performance. This allows the employees to fill the gaps in their performance and skills. Managers can also arrange development plans that suit his/her team members. k) Measure significant behaviour The behaviour of the employees that are relevant to the job should betaken into account during the appraisal process, not his/her personal behaviour. An employee should be evaluated based on the competencies and his/her ability to achieve the goals, not on his problems with colleagues or attitude, which is irrelevant to the job. A.15 Wages and Salaries Administration (Employee Compensation) Wage and salary administration is a collection of practices and procedures used for planning and distributing company-wide compensation programs for employees. These practices include employees at all levels and are usually handled by the accounting department of a company. Most organisations pay a lot of attention to employee compensation issues because labour costs are increasingly growing as a result of pay increases arising out of employee agitations. Employee compensation is also directly related to employees job satisfaction, morale and 207 motivation. The root cause of most labour/management conflicts is often disputes overcompensation. It is therefore necessary to pay attention to compensation issues. Employee compensation, simply put refers to rewards given to employees in return for the services they offer to the organisation. Compensation has two primary areas—benefits and salary administration. In many organizations, payroll is a function of the accounting department. In other organizations, payroll is placed in compensation. Download 3.37 Mb. Share with your friends:
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