Management Development - Reviews & Appraisals :: Business and Management Studies

Management Development - Reviews & Appraisals Introduction Management development is used so that they the company can motivate their staff, so that the performance of their workforce will be improved. Therefore it is used to improve the performance of the business so that their share price increases and they will attract more shareholders and their sales and profits will be increased, this will also mean that the shareholders will give paid good dividends. Due to that happening their stakeholders will be showing more interest in the business, which means that they will be able to employ staff more easily so that they will have a wider range of candidates to choose from so they can employee a larger range of highly skilled staff. Purpose of appraisal schemes As it is said that the main problem that arises with an appraisal scheme is the confusion over the objectives that are set. Mainly it can be said that an appraisal scheme is used to develop staff by giving information for progression and resource planning, as well as being able to make out and state the weaknesses of performance. It helps to provide data that can relate to the salary that a member of staff should be paid and the improvements and chances that need to be made to staff to meet the required standards and improve them for the future. As well as helping to show whether the staff should have training/career planning and if so what they need in relation to it and how the communication can be improved between the manager and member of staff, especially in relation to general feedback. Methods of Reviewing and appraisal schemes It has been said that appraisals are the most suitable methods of reviewing employees for management and supervisory staff. Increasingly clerical, secretarial and manual staffs with skilled or technical jobs are now also being appraised. There are many different people within a business who may carry out an appraisal; the appraisers are sometimes called raters. Below I have shown a list of the people who may carry out an employee’s appraisal, with explanation about them ad why they would be chosen: - Self-appraisal This is quite a new idea to the process of development. It is not a highly used form of reviewing. With self-appraisal’s, which is pretty self explanatory, the member of staff will perform a self-analysis in the traditional appraisal schemes, although there is the involvement of the superior whose decision officially counts. The ratings that the employee gives themselves maybe changed, but only in the light of the workers notes. Peer-appraisal These are said to be the majority of the time a very reliable method