Productivity and the Management of Performance

Business & Finance, Human Resources & Personnel Management
Cover of the book Productivity and the Management of Performance by Arne Linnemüller, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Arne Linnemüller ISBN: 9783638429542
Publisher: GRIN Publishing Publication: October 18, 2005
Imprint: GRIN Publishing Language: English
Author: Arne Linnemüller
ISBN: 9783638429542
Publisher: GRIN Publishing
Publication: October 18, 2005
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2005 in the subject Business economics - Personnel and Organisation, grade: 1,7, University of KwaZulu-Natal (South Africa), course: Human Resources 230, 9 entries in the bibliography, language: English, abstract: The term productivity has been used to refer to individual groups, organisational units, entire organisations , industries and national economies. Today, the majority of definitions say that productivity is a measure of outputs divided by inputs. For instance, inputs can be raw materials, energy, etc, whereas outputs can be furniture, cars, services etc. With regard to Human Resource Management the main interest lies in the invested labour and capital in relation to the units produced. By measuring the productivity of an organisation the achieved efficiency can be found out and will show how effectively the invested resources have been used. Generally it can be stated that the higher the ratio, the more efficient are the used inputs. From a business point of view the main organisational goal is to reduce costs until only unavoidable costs remain. Thereby it is essential to realise that an appropriate measurement system in every organisation is crucial. In contrast to productivity, performance refers to the output of an individual employee. The achieved output is compared to determined standards the worker is expected to meet. The units of the standards depend upon the nature of the job and the more complex the job the more difficult it gets to measure the performance. For these more complex jobs performance appraisal systems have been designed which will be discussed later. For instance, p ossible criteria to measure the level of performance of more simple jobs can be the number of produced products, the number of rejects or the wastage of raw materials. However, quantity, quality and time are indicators in any case to measure performance.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2005 in the subject Business economics - Personnel and Organisation, grade: 1,7, University of KwaZulu-Natal (South Africa), course: Human Resources 230, 9 entries in the bibliography, language: English, abstract: The term productivity has been used to refer to individual groups, organisational units, entire organisations , industries and national economies. Today, the majority of definitions say that productivity is a measure of outputs divided by inputs. For instance, inputs can be raw materials, energy, etc, whereas outputs can be furniture, cars, services etc. With regard to Human Resource Management the main interest lies in the invested labour and capital in relation to the units produced. By measuring the productivity of an organisation the achieved efficiency can be found out and will show how effectively the invested resources have been used. Generally it can be stated that the higher the ratio, the more efficient are the used inputs. From a business point of view the main organisational goal is to reduce costs until only unavoidable costs remain. Thereby it is essential to realise that an appropriate measurement system in every organisation is crucial. In contrast to productivity, performance refers to the output of an individual employee. The achieved output is compared to determined standards the worker is expected to meet. The units of the standards depend upon the nature of the job and the more complex the job the more difficult it gets to measure the performance. For these more complex jobs performance appraisal systems have been designed which will be discussed later. For instance, p ossible criteria to measure the level of performance of more simple jobs can be the number of produced products, the number of rejects or the wastage of raw materials. However, quantity, quality and time are indicators in any case to measure performance.

More books from GRIN Publishing

Cover of the book Management Practices in Japan by Arne Linnemüller
Cover of the book Is the study of Intercultural Communication Applied Anthropology? by Arne Linnemüller
Cover of the book Portfolio Investment Strategy - Investment brief for wealthy private customer by Arne Linnemüller
Cover of the book Organisation Culture - An insight in organisation culture of the Audi AG by Arne Linnemüller
Cover of the book The importance of Henry Ford in the evolution of modern business practice by Arne Linnemüller
Cover of the book A Book Analysis of 'The Hidden Connections: A Science for Sustainable Living' by Fritjof Capra by Arne Linnemüller
Cover of the book Latin words in the English Renaissance - A survey with emphasis on socio-cultural aspects by Arne Linnemüller
Cover of the book I shall not be in want by Arne Linnemüller
Cover of the book Assimilation or replacement - a study about Neanderthals and modern humans by Arne Linnemüller
Cover of the book Do the People Truly Rule in a Representative Democracy? by Arne Linnemüller
Cover of the book Comparison education systems Germany and USA by Arne Linnemüller
Cover of the book The influence of religious beliefs on long-term economic development by Arne Linnemüller
Cover of the book Learning EFL by Bengali speaking learners: Major linguistic problems and possible solutions by Arne Linnemüller
Cover of the book What Did Lenin Mean by 'Communism'? by Arne Linnemüller
Cover of the book Flow, motivation, and job-change history in British and Hong Kong Chinese workers by Arne Linnemüller
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy