HRM

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HRM

Rewards

Extrinsic

Financial

Explicit membership based

Services and perquisites

Pay for time not worked

Protection programs

Implied-membership based

Profit sharing

Time-in-rank increases

Labor market adjustments

Cost of living increases

Performance based

Merit pay plan

Performance bonuses

Incentive plans

Commission

Piecework

Non-financial

Business cards

Own secretary

Impressive titles

Assigned parking space

Preferred lunch hours

Preferred office furnishings

Preferred work assignments

Intrinsic

Opportunities for personal growth

More interesting work

More responsibility

Greater job freedom and discretion

Participative decision making

Diversity of activities

Performance Management

Appraisal

Distortions

Inflationary Pressures

Central Tendency

Similarity error

Halo error

Leniency error

Inappropriate substitutes

Methods

Paired comparison

Individual ranking

Group order ranking

Behaviorally anchored rating scale

Forced choice

Graphic rating scale

Checklist

Critical incident

Process

If necessary, initiate corrective action

Discuss the appraisal w/ employees

Compare actual performance w/ standards

Measure actual performance

Mutually set measurable goals

Stablish performance standards w/ employees