The performance metrics you should track depend on the goals you set; performance  evaluation varies by goal. These are some suggestions that organisations may use: Graphic ratings scales This method is a clear and easy way for employees to review their goals. It uses numbers to  rate performance, typically on a scale of 1-5 or 1-10. 360-degree feedback This system utilizes a group of people's opinions and assessments of each employee. The  group, such as a team of managers, must closely work with each employee in order to  accurately speak about their performance. Self-evaluation Evaluating their own performance can be an eye-opening experience for employees, and  you may even find that their evaluations are tougher than yours would be. An easy and free  way to administer a self-evaluation is via Google Form. Questions can be open-ended,  multiple-choice or both. Management by objectives (MBO) MBO is also called "management by results." This employee performance metric entails  employees and managers forming objectives together to determine how individual goals  align with the company's overall goals. Analyse any TWO of the above methods and its effectiveness (or lack) thereof. Word count: 300- 400 word

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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QUESTION ONE 
The performance metrics you should track depend on the goals you set; performance 
evaluation varies by goal. These are some suggestions that organisations may use:
Graphic ratings scales
This method is a clear and easy way for employees to review their goals. It uses numbers to 
rate performance, typically on a scale of 1-5 or 1-10.
360-degree feedback
This system utilizes a group of people's opinions and assessments of each employee. The 
group, such as a team of managers, must closely work with each employee in order to 
accurately speak about their performance.
Self-evaluation
Evaluating their own performance can be an eye-opening experience for employees, and 
you may even find that their evaluations are tougher than yours would be. An easy and free 
way to administer a self-evaluation is via Google Form. Questions can be open-ended, 
multiple-choice or both.
Management by objectives (MBO)
MBO is also called "management by results." This employee performance metric entails 
employees and managers forming objectives together to determine how individual goals 
align with the company's overall goals.
Analyse any TWO of the above methods and its effectiveness (or lack) thereof.
Word count: 300- 400 word

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