Answer to Question #159481 in Economics for SHAZIA

Question #159481

After Spending several weeks on the job, Haleema was surprised to discover that her Uncle had not formally evaluated any employee's performance for all the years that he had owned the business. Waqar position was that he had "a hundred higher-priority things to attend to," such as boosting sales and lowering costs, and, in any case, many employees didn't stick around long enough to be appraisable anyway. Furthermore, contended Waqar, manual workers such as those doing the pressing and the cleaning did periodically get positive feedback in terms of praise from Waqar for a job well done, or criticism, also from Waqar, If things did not look right during one of his swings through the stores. Similarly, Waqar was never shy about telling his managers about store problems so that they too, got some feedback on where they stood. This informal feedback notwithstanding, Haleema believes that a more formal appraisal approach is required. She believes that there are criteria such as quality, quantity, attendance, and punctuality that should be evaluated periodically even if a worker is paid on piece rate. Furthermore, She feels quite strongly that the managers need to have a list of quality standards for matters such as store cleanliness, efficiency, safety, and adherence to budget on which they know they are to be formally evaluated.

 

a. Is Haleema right about the need to evaluate the workers formally? (5Marks- word limit 150 to 200)

 

b: Develop a performance appraisal method for the workers and managers in each store. (5Marks- word limit 150 to 200)


Question 3: Why are the different organizations method to use Salary Surveys? Also elaborate employees financial and non-financial benefits? (10Marks- word limit 250 to 350)


Question 4: Explain how to keep employees engaged and committed in the Multinational organization, and which rating system organizations use to retain employees and reduce turnover? (10Marks- 250 to 350)



1
Expert's answer
2021-02-02T09:28:54-0500

a. Haleema is right about the need to evaluate the workers formally.

b: The BARS (Behaviourally Anchored Rating Scale) method is the most preferred performance appraisal method as it enables managers to gauge better results, provide constant feedback and maintain consistency in evaluation.

Question 3: The different organizations use Salary Surveys, because salary is thought to be the main indicator and stimulus for employee. Not only financial, but also non-financial benefits are important in employees performance evaluating.

Question 4: The firm should encourage employees personal development, create psychological safety and encourage teamwork and collaboration among employees to keep them engaged and committed in the Multinational organization.

In order to reduce employee turnover, HR needs to become more data-driven, looking past simple descriptive analytics and towards more exploratory analytics, and (even better) predictive analytics.


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