Job Description Derivation

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on increment, remuneration, benefits and promotion. This tool is effective because it reduces nepotism, discrimination etc, and also provides reasonable motivation for effective performance.

Identifies potential for higher responsibility (Career Development), effective career development tool, whereby managers identify employees with the potential for growth, this helps in both personal development and is essential for workforce planning.

Accurate Measurement of performance and sets feasible future goals. There have been issues observed where employee goals are too far-fetched. Whereas two way communication provides platform for more reasonable goals.

PERFORMANCE MANAGEMENT BASED ON KRA

Key result areas or KRA is an improved means of performance management since it directs employees on areas required to perform focusing on a measured goal. It is ideal for

1. Focused On Growth

2. Better Monitoring system

3. Clear understanding of roles and responsibility

4. Develops fairness in Performance Appraisal System

5. Bench Marks Employees on a feasible performance

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WORK PLAN

It is the foundation of Performance Management System, whereby both employees and employers both involve themselves in a mutual agreement to identify the targets or KPI.

It identifies day to day activities which an employees need to complete. This activities are derived from the organizational strategic plan.

It contains detailed Information of the key tasks and expected results. This lets the employee become aware of their expectation.

It differentiates between Primary and major goals and is an effective tool to evaluate skills/ resource gaps and for time management.

Plan

StrategicPlan

StrategicPlanhandedfromtheboardofdirectors

OrganizationalGoals

OrganizationalGoalsDerivedfromthestrategicplan

Operationalplanetc

ManagementObjectives

ManagerialObjectivesderivedfromtheOrganizationalGoals

DepartmentalGoals

DepartmentalGoalsderivedfromtheManagementObjectives

IndividualGoals

KRAderivedfromdepartmentalGoals

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ADVANTAGES

NEW EMPLOYEE

 Provides smooth transition

 Secures Employee Engagement

 Provides Enthusiasm

 Provides Fair

 Probation Assessment

Existing Employee

 Provides transparency

 Provides Clarification

 Allows full potential of Performance

 Provides Fair Assessment

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FBC WORK PLAN TEMPLATE

HR OFFICERS AT FBC