HW#2 – Comparison Shopping & Country PESTS Infographic 75 Points OVERVIEW: As a product developer, there are 2 keys points to successful product lines – know your customer (target market)….
Explain the difference between performance management and performance appraisals and discuss the components of a performance management process
Explain the difference between performance management and performance appraisals and discuss the components of a performance management process. How does performance management provide strategic value to the organization? Share an example of an employee performance goal that is aligned with an organizational performance need.
Explain how performance feedback can be delivered to motivate employees and enhance performance. Discuss some strategies for managing poor performance and how and when you would use development plans to improve performance issues.
Be sure to provide the references for the sources of the information you used including the material provided in the classroom.
SOURCES PROVIDED: https://www.youtube.com/watch?v=iVYZI8A29P4
Discussion Two: Focus on Analytics
“With the additional responsibilities of being a strategic business partner, the modern HR function now faces greater pressure to make sound and impactful decisions. As a result, data-driven decisions have become an integral part of effective strategic HRM. To achieve strategic objectives and a competitive advantage, a growing number of organizations collect, analyze, and interpret data via HR information systems and HR analytics. More specifically, technological advances have made it easier to capture and store HR data in HR information systems, and using HR analytics, these data can be used to improve HR systems, policies, and practices and, as a result, the performance and viability of the organization. HR analysts test hypotheses to determine the best ways to manage people within the organization—or in other words, to arrive at data-driven decisions that bring the organization one step closer to meeting strategic objectives” (Bauer et al, 2018, p. 42).
Bauer, T., Erdogan, B., Caughlin, D., & Truxillo, D. (2018). Human Resource Management: People, Data, and Analytics. SAGE Publications.
With this in mind, study the data collection in the attached spreadsheet. Then study the slides showing how to correlate one variable with another. Lastly, complete the activity on slide 3. Attached your spreadsheet with your explanation of the results.