Discussion Week 2 Chapter 3 Assignment Example | Topics and Well Written Essays - 250 words

Discussion Week 2 Chapter 3 - Assignment Example Maryland’s unemployment went up to 6.8% because it shed over 75,000 jobs in May. Jobs in construction industry went down by 4,600,manufacturing went down by 300 jobs, professional and business services saw a job cut of about 3100 jobs with financial sector seeing a decrease of 800 jobs. Even though it lost all the jobs Maryland’s unemployment rate is still above the national average of 8.2%. Virginias unemployment is quite much lower than the nationals average of 8.2%.This can be attributed to more job creation through new business start ups with the total number of unemployed standing at 241862.Eventhough the DCs unemployment rate is still higher than the national average, the district has added has since 2011 added almost 16,100 jobs. This can be attributed to 200 jobs which were added by the public sector while manufacturing, trade, transportation and other sector adding almost 200

HR Essay Example | Topics and Well Written Essays - 500 words - 2

HR - Essay Example Forced ranking can be described as a controversial management tool that is employed in organizations in order to identify the best and worst workforce employees. This method of performance management is significantly efficient since; the hard working personnel are rewarded while the lazy ones are normally fired. In most cases, forced ranking is used by large business firms which are required to systematize their human resource (Bacal 59). The criteria used in determining the rank of an employee should be more qualitative rather than quantitative. In fact, the success of a business is normally measured by the quality of services provided. The higher the quality of services offered the higher the quantity of sales. Therefore, forced ranking cannot be effective in an organization whereby all the staff members are superstars. This method is valuable to the employee, since; they have to work hard in order to avoid losing their jobs. On the other hand, this method substantially benefits th e company since; they improve their presence in the market. In this context, performance management is the main topic of discussion. This presentation presents the importance of performance-appraisal systems that can be employed in an organization in order to improve the effectiveness of the firm. Performance-appraisal systems are critical in an organization because; without this strategy, the progress of the company is weakened. Therefore, most companies evaluate the performance of their staff in order to augment their sales (Bacal 48). Research asserts that performance management is quite critical. As a matter of fact, the progress of any company simply relies on the performance of its employees (Bacal 49). Therefore, if the employees are not serious with their work, they are likely to be relegated or even fired. Therefore, the evaluation of performance of an employee is critical in ensuring that he or she remains focused on his or her