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  Topic: Performance Reviews – Input needed

 

  Posted By: cbeetel       On: 3/13/2009 1:27:11 PM

 

 

cbeetel
Posted 3/13/2009 1:27:11 PM

Hello, 

I am working on a project for a client and would like to gather the following information. Please respond if you have time. Thanks in advance. 

1. When using a rating scale for performance reviews do you use a number rating (1-5) or a letter rating (NI for needs improvement, for example). 

2. If you use a numerical or letter rating, what are the pros and cons to it? 

3. Do you allow increments or only whole numbers? 

4. Are you using a 3 point scale or a 5 point scale? If so, why? 

5. Are your reviews held on the employee’s anniversary date or annually company wide (same time each year)? Pros and Cons? 

6. If reviews are held annually the same time each year, how do managers find time to complete all reviews? How does it affect business operations?

 

 

 

HR sgb
Posted 3/13/2009 2:57:04 PM

For those who reply, the only way to answer the questions is by copying and pasting before responding.

1. When using a rating scale for performance reviews do you use a number rating (1-5) or a letter rating (NI for needs improvement, for example). Letter

2. If you use a numerical or letter rating, what are the pros and cons to it? Letter. We decided not to use numbers because they employees focus too much on the number and stop listening the to the review and don’t get the point of the feedback.

3. Do you allow increments or only whole numbers? If using numbers, no increments.

4. Are you using a 3 point scale or a 5 point scale? If so, why? 3 point scale

5. Are your reviews held on the employee’s anniversary date or annually company wide (same time each year)? Pros and Cons? Annually. Anniversary dates are entirely too difficult to keep track of and stay on time.

6. If reviews are held annually the same time each year, how do managers find time to complete all reviews? How does it affect business operations? They find time. As a manager there is nothing more important than your employees

 

 

 

Anonymous
Posted 3/13/2009 3:01:54 PM

I don’t have time to answer in your format completelye, but–

We use numbers with a clearly defined meaning and do not allow for increments.

5 points (switched from 3) to avoid grade inflation. Too many people were getting 3’s but not really perfect. Whereas with a 5 point scale you can give someone a 4 because they are clearly above expectations but still room for growth/ not walking on water YET.

Same time for everyone. OUr company has a lot of travel, carzy times which meant some managers were on the road or gearing up when someone was due and, despite reminders, the reveiw was missed. this way we plan for it and everyone knows that they have to budget their time accordingly. We give each manager a month to complete and 2 weeks to meet with all their people.

 

 

 

 

 

  Topic: What “Exceeds Requirements” means to your org???

 

  Posted By: Anon       On: 3/12/2009 11:21:22 AM

 

 

Anon
Posted 3/12/2009 11:21:22 AM

Our GM has decided that this year, “exceeding requirements” on a performance review should be much more demanding than the way we have been grading in recent years. We have a five tier grading system….OUTSTANDING, EXCEED REQUIREMENTS, MEETS REQUIREMENTS, NEEDS IMPROVEMENT AND UNACCEPTABLE. Based on previous perfomance evaluations, his interpretation of “exceeding requirements” will force probably 90% of all employees into the “meets requirements”, which i feel will have a huge negative impact on those employees that do go above and beyond but might not quite meet his expectations. How do i get him to see this? Are you doing someting different that could help this situation?

 

 

 

Miss Blu
Posted 3/12/2009 11:28:17 AM

Support your GM, don’t fight him. Help him come up with defenitions of what the ratings mean and then communicate the change to all ees and managers before the next evaluations are completed.

 

 

 

Bob
Posted 3/12/2009 11:28:21 AM

Would advise that you look for a bell shaped curve distribution. 

While there should be no shame with a rating that says you have met expectations, 90 % is a little too high.

Where possible, set up metrics tie to the rating system.

Would also say going above and beyond is fine, so long as it produces results. It’s not about effort, it’s about results.

 

 

 

Anon
Posted 3/12/2009 11:41:45 AM

I feel that a bell shaped curve distribution “forces” employees into that normal distribution merit increase. Also, over time we will be paying more than what the market bears for labor.

 

 

 

Anonymous
Posted 3/12/2009 11:42:58 AM

Wise words Bob. 

If 90% of your workforce exceeds expectations, you must be the only organization that is not struggling during this economic period. 

There are times when a team is just doing a fantastic job. Even then though, a bell curve should be the norm. Think of a high performing team as an NBA caliber basketball team. Each team has 10 players. You need to be an exceptional basketball player even to make the club. But if you are the 6th through 10th best player, you sit the bench most of the time. So, while they are all really good, are they all “exceeding expectations”? Must not be, as they don’t all get the same value of contracts.

 

 

 

HR in OH
Posted 3/12/2009 12:06:42 PM

Wow – sounds like where I work! What we’re doing: defining the 5 levels in very specific terms for the items evaluated – and our managers are developing this. We are looking to actually create a standard that defines what a top employee looks like. So, for something like attendance a 3 is usually at work, no discipline, occasionally late to work or meetings. We’re doing this with all of the criteria we evaluate on. Next step is communicating to staff members.

Additionally, we may totally remove the language meets, exceeds, etc and just go by levels 1-5. Seems to be a block in some minds to think they “only” meet expectations

 

 

 

Bob
Posted 3/12/2009 12:11:05 PM

Some other ways to approach or fine tune:

* do some calibrating in group settings. This helps ensure that there is mutual understanding among supervision around performance levels

* after going through your ratings….do a life boat drill to make sure your ratings align with the order in which you might throw the life preservers

 

 

 

HRM
Posted 3/12/2009 12:49:31 PM

Kudos to your GM for raising the bar. We went through the same process, and handled as HR in OH described. It’s easier for the employees to swallow when the form describes WHY they’re a 4 and not a 5. There’s a good sample review form on this site that you can use (I believe it’s somewhere under templates and tools, above).

Your comment:
“his interpretation of ‘exceeding requirements’ will force probably 90% of all employees into ‘meets requirements’, which I feel will have a huge negative impact”

stuck out to me. The goal of performance reviews is not to make employees feel good. It’s supposed to be an accurate assessment of what the employee is doing vs what the supervisor expects. The GM shouldn’t keep telling people they ‘exceed requirements’ if the truth is that they ‘don’t quite meet his expectations’. (Your words).

Instead of trying to talk him out of this, I’d support him. Help him implement this in ways that are positive, and that define specific goals for each employee to reach for.

Good luck.

 

 

 

HRM
Posted 3/12/2009 12:51:44 PM

(chuckling) Just read the quote at the end of Bob’s first post.

“Don’t confuse efforts with results” is one of my boss’s favorite quips.

 

 

 

noodle
Posted 3/12/2009 3:28:05 PM

What a curious conversation.

Anon are you really struggling to figure out a different way to do something that is of no value in the first place? These “measures” can use words or numbers but they still don’t serve the organization. 

In every organization, 50% of the people are above average and 50% are below. So the averages discussion doesn’t help. 

Doesn’t every organization want employees meeting and exceeding expectations? Why then do we try to come up with tools that make arbitrary placements within a hierarchy? Heck, 90% would be wonderful!

The entire reason we fret so much over this is because we use it for compensation and promotion decisions. We pretend to be talking about improving performance but all we are really doing is looking for a system to satisfy a completely different issue.

 

 

 

 

 

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121.In the context of the 1997 Asian crisis, how did the International Monetary Fund's “one-size-fits-all” approach to macroeconomic policy affect South Korea?   

A. It led to a decrease in the interest rates of short-term loans.

B. It made it difficult for companies to service their excessive short-term debt obligations.

C. It decreased the probability of widespread corporate defaults.

D. South Korea failed to recover from its financial crises.

E. South Korea was forced to increase restrictions on foreign direct investment.

122._____ arises when people behave recklessly because they know they will be saved if things go wrong.   

A. Systemic risk

B. Moral hazard

C. Ethical dilemma

D. Tragedy of the commons

E. Risk compensation

123.Jade, a working professional, began driving rashly ever since she got her car insured against damage. She believed that the insurance claim would cover her in case of any accidents. Jade’s behavior is due to a situation known as _____. 

A. cognitive dissonance

B. conflict of interest

C. systemic risk

D. moral hazard

E. tragedy of the commons

124.The International Monetary Fund been criticized for:    

A. its lack of “one-size-fits-all” approach to macroeconomic policy.

B. encouraging moral hazard among banks.

C. its lack of power and authority.

D. using external experts to gain knowledge about a country.

E. keeping its operations open to outside scrutiny.

125.According to the critics of the International Monetary Fund (IMF), how should the problem of moral hazard exhibited by banks be resolved? 

A. The IMF should use a “one-size-fits-all” approach to macroeconomic policy.

B. The IMF should establish a mechanism for accountability.

C. The IMF should free all banks from the obligation of financial reporting.

D. The banks should be forced to pay the price for their rash lending policies.

E. The IMF should bail out the banks whose loans gave rise to financial crises.

126.According to the noted economist Jeffrey Sachs, the International Monetary Fund should:   

A. not be accountable to anyone as it is a powerful institution.

B. bail out the banks that have rash lending policies.

C. have a “one-size-fits-all” approach to macroeconomic policy.

D. keep its operations open to greater outside scrutiny.

E. lend only to countries with safe credit ratings.

127.The International Monetary Fund programs have been counterproductive, or only had limited success in _____.  

A. Turkey

B. Iceland

C. Greece

D. Ireland

E. Latvia

128.In response to the global financial crisis of 2008–2009, the International Monetary Fund began to:   

A. exercise tight controls on fiscal policy of the borrowing countries.

B. encourage activities that resulted in high inflation rates.

C. display inflexibility in policy responses.

D. urge countries to adopt policies that included fiscal stimulus and monetary easing.

E. adopt a “one-size-fits-all” approach to macroeconomic policy.

129.Which of the following observations about the International Monetary Fund (IMF) is true?   

A. The IMF can force countries to adopt the policies required to correct economic mismanagement.

B. Internal political problems can affect a government's commitment to taking corrective action in return for an IMF loan.

C. In recent years, the IMF has begun to make its policies more tight and inflexible.

D. In response to the global financial crisis of 2008–2009, the IMF began to adopt a “one-size-fits-all” approach to macroeconomic policy.

E. In recent years, the IMF has begun to urge countries to oppose fiscal stimulus and monetary easing.

130.Which of the following poses a problem for international businesses in the long run?   

A. Using exchange rate instruments like the forward market and swaps

B. Volatility of global exchange rate regime

C. Anti-inflationary monetary policies

D. Maintaining strategic flexibility by dispersing production to different locations

E. A policy of reduction in government spending

 

default image
July 1, 2023
    

 

121.In the context of the 1997 Asian crisis, how did the International Monetary Fund's “one-size-fits-all” approach to macroeconomic policy affect South Korea?   

A. It led to a decrease in the interest rates of short-term loans.

B. It made it difficult for companies to service their excessive short-term debt obligations.

C. It decreased the probability of widespread corporate defaults.

D. South Korea failed to recover from its financial crises.

E. South Korea was forced to increase restrictions on foreign direct investment.

122._____ arises when people behave recklessly because they know they will be saved if things go wrong.   

A. Systemic risk

B. Moral hazard

C. Ethical dilemma

D. Tragedy of the commons

E. Risk compensation

123.Jade, a working professional, began driving rashly ever since she got her car insured against damage. She believed that the insurance claim would cover her in case of any accidents. Jade’s behavior is due to a situation known as _____. 

A. cognitive dissonance

B. conflict of interest

C. systemic risk

D. moral hazard

E. tragedy of the commons

124.The International Monetary Fund been criticized for:    

A. its lack of “one-size-fits-all” approach to macroeconomic policy.

B. encouraging moral hazard among banks.

C. its lack of power and authority.

D. using external experts to gain knowledge about a country.

E. keeping its operations open to outside scrutiny.

125.According to the critics of the International Monetary Fund (IMF), how should the problem of moral hazard exhibited by banks be resolved? 

A. The IMF should use a “one-size-fits-all” approach to macroeconomic policy.

B. The IMF should establish a mechanism for accountability.

C. The IMF should free all banks from the obligation of financial reporting.

D. The banks should be forced to pay the price for their rash lending policies.

E. The IMF should bail out the banks whose loans gave rise to financial crises.

126.According to the noted economist Jeffrey Sachs, the International Monetary Fund should:   

A. not be accountable to anyone as it is a powerful institution.

B. bail out the banks that have rash lending policies.

C. have a “one-size-fits-all” approach to macroeconomic policy.

D. keep its operations open to greater outside scrutiny.

E. lend only to countries with safe credit ratings.

127.The International Monetary Fund programs have been counterproductive, or only had limited success in _____.  

A. Turkey

B. Iceland

C. Greece

D. Ireland

E. Latvia

128.In response to the global financial crisis of 2008–2009, the International Monetary Fund began to:   

A. exercise tight controls on fiscal policy of the borrowing countries.

B. encourage activities that resulted in high inflation rates.

C. display inflexibility in policy responses.

D. urge countries to adopt policies that included fiscal stimulus and monetary easing.

E. adopt a “one-size-fits-all” approach to macroeconomic policy.

129.Which of the following observations about the International Monetary Fund (IMF) is true?   

A. The IMF can force countries to adopt the policies required to correct economic mismanagement.

B. Internal political problems can affect a government's commitment to taking corrective action in return for an IMF loan.

C. In recent years, the IMF has begun to make its policies more tight and inflexible.

D. In response to the global financial crisis of 2008–2009, the IMF began to adopt a “one-size-fits-all” approach to macroeconomic policy.

E. In recent years, the IMF has begun to urge countries to oppose fiscal stimulus and monetary easing.

130.Which of the following poses a problem for international businesses in the long run?   

A. Using exchange rate instruments like the forward market and swaps

B. Volatility of global exchange rate regime

C. Anti-inflationary monetary policies

D. Maintaining strategic flexibility by dispersing production to different locations

E. A policy of reduction in government spending

 

default image
July 1, 2023
    

 

121.In the context of the 1997 Asian crisis, how did the International Monetary Fund's “one-size-fits-all” approach to macroeconomic policy affect South Korea?   

A. It led to a decrease in the interest rates of short-term loans.

B. It made it difficult for companies to service their excessive short-term debt obligations.

C. It decreased the probability of widespread corporate defaults.

D. South Korea failed to recover from its financial crises.

E. South Korea was forced to increase restrictions on foreign direct investment.

122._____ arises when people behave recklessly because they know they will be saved if things go wrong.   

A. Systemic risk

B. Moral hazard

C. Ethical dilemma

D. Tragedy of the commons

E. Risk compensation

123.Jade, a working professional, began driving rashly ever since she got her car insured against damage. She believed that the insurance claim would cover her in case of any accidents. Jade’s behavior is due to a situation known as _____. 

A. cognitive dissonance

B. conflict of interest

C. systemic risk

D. moral hazard

E. tragedy of the commons

124.The International Monetary Fund been criticized for:    

A. its lack of “one-size-fits-all” approach to macroeconomic policy.

B. encouraging moral hazard among banks.

C. its lack of power and authority.

D. using external experts to gain knowledge about a country.

E. keeping its operations open to outside scrutiny.

125.According to the critics of the International Monetary Fund (IMF), how should the problem of moral hazard exhibited by banks be resolved? 

A. The IMF should use a “one-size-fits-all” approach to macroeconomic policy.

B. The IMF should establish a mechanism for accountability.

C. The IMF should free all banks from the obligation of financial reporting.

D. The banks should be forced to pay the price for their rash lending policies.

E. The IMF should bail out the banks whose loans gave rise to financial crises.

126.According to the noted economist Jeffrey Sachs, the International Monetary Fund should:   

A. not be accountable to anyone as it is a powerful institution.

B. bail out the banks that have rash lending policies.

C. have a “one-size-fits-all” approach to macroeconomic policy.

D. keep its operations open to greater outside scrutiny.

E. lend only to countries with safe credit ratings.

127.The International Monetary Fund programs have been counterproductive, or only had limited success in _____.  

A. Turkey

B. Iceland

C. Greece

D. Ireland

E. Latvia

128.In response to the global financial crisis of 2008–2009, the International Monetary Fund began to:   

A. exercise tight controls on fiscal policy of the borrowing countries.

B. encourage activities that resulted in high inflation rates.

C. display inflexibility in policy responses.

D. urge countries to adopt policies that included fiscal stimulus and monetary easing.

E. adopt a “one-size-fits-all” approach to macroeconomic policy.

129.Which of the following observations about the International Monetary Fund (IMF) is true?   

A. The IMF can force countries to adopt the policies required to correct economic mismanagement.

B. Internal political problems can affect a government's commitment to taking corrective action in return for an IMF loan.

C. In recent years, the IMF has begun to make its policies more tight and inflexible.

D. In response to the global financial crisis of 2008–2009, the IMF began to adopt a “one-size-fits-all” approach to macroeconomic policy.

E. In recent years, the IMF has begun to urge countries to oppose fiscal stimulus and monetary easing.

130.Which of the following poses a problem for international businesses in the long run?   

A. Using exchange rate instruments like the forward market and swaps

B. Volatility of global exchange rate regime

C. Anti-inflationary monetary policies

D. Maintaining strategic flexibility by dispersing production to different locations

E. A policy of reduction in government spending

 

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Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

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Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

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Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

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Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

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Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

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