Performance Management: Describe what incumbents will be measured on and the process you will use (what, who, how, when, how often, for what reason, etc.) to measure their performance. Show actual measure(s)/rating form if appropriate.

 selected a career. What needs to be done is, you implement the that career and you set up the appraisal system for that career. What you have is more of a general overview of how to do that.

entry level financial analyst. elate it specifically to the career. You have a broad overview of performance management. how are you going to measure the performance for a financial analyst??

what specific appraisal system are you using, who performs the appraisal, how, for what reason, when...

 

How are you going to measure the performance for a financial analyst??

Performance for a Financial Analyst will be measured by the following parameters;

Level of execution , this is where check whether the employee as achieved on task committed to deliver on time and high level

Quality of Work, this is done through regular reviews of clients deliverables, stability of production and feedback from clients.

Level of creativity, this done by observing how often did employee question basic assumption about a problem and come up with a solution.

Amount of consistent improvement, This is done by observing whether the Financial Analyst seizes opportunity everyday to improve.

Customer and peer feedback, this is achieved by receiving feedback from clients or fellow workmates.

What specific appraisal system are you using, who performs the appraisal, how, for what reason, when...

Straight ranking Appraisal, this compares all employees to each other ranking them from best to worst.

This method falls short by overlooking strengths that may not be immediately obvious.

Grading, This is systematic method that allows manager to looks employees level for any given task. e.g. teamwork, communication and attention to details. This system can sometimes be subjective an hence not reliable.

Management by objective, This is where both employee and manager jointly meet to set specific goals to be achieved within a specified period of time.

Trait and behavior-based appraisal, This assess characteristics that contribute to individual personality such creativity, extroversion and confidence.

360- degree appraisals, this involve feedback from several people who have contact with the employee.