Steps Involved Performance Management Process Forced Ranking Approach One Several Methods Q34230945

What are the steps involved with the performance managementprocess? The forced ranking approach is one of several methods ofmanaging performance described in the textbook. Compare andcontrast the fairness of forced rankings relative to two othermethods of measuring performance described in Chapter 8.

Expert Answer

The performance management process has the below mentioned 6steps:-

Establishment of performance standards:- This is the first stepof this process and the manager must determine the different typesof results, achievements, and capabilities which are to beevaluated.

Communication to the employees:- Once the performance evaluationstandards are developed, these must be communicated to theemployees so that they can have a better