Reference no: EM132674228
Question: 1. Cemex group has been conducting performance appraisal annually. Recently, the top management has decided to broaden its outlook beyond performance appraisal toward more of a performance management approach. Top management has also been feeling that the 'Ranking' method of performance appraisal doesn't give the expected result and accordingly instructed HR to change the appraisal method.
a. Why top management is shifting its focus from performance appraisal to performance management approach?
b. HR department has decided to follow 'Paired Comparison' instead of 'Ranking' method.
Show how 'Paired Comparison' method is applied and what might be the advantages of following this method?
2. Paradise Group has been operating last 10 years. At the beginning employees were satisfied the pay and amenities provided through a traditional pay structure by the company. But due to rapid changes in external environment, specially of better pay structure of competing firms and massive increase of the company's functional operations, employee dissatisfaction has gone up which leads to frequent employee turnover.
a. How Paradise group may ensure various forms of equities to enhance the job satisfaction and decreasing the employee turnover low?
b. As traditional pay structure is not giving expected results, do you think a competency based pay structure would work better in the given context for the company? Why do you think so?
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