Determining Performance Standards | Summary and Q&A

TL;DR

Learn how to define performance standards and create effective criteria for measuring performance.

Key Insights

• 🧑‍🏭 Performance standards act as yardsticks to measure objective achievement, considering quality, quantity, and time.
• 👋 Good standards are based on job elements and tasks, observable, verifiable, concrete, and relevant to organizational objectives and user requirements.
• 💁 Effective performance standards help align employee expectations, provide necessary information, and incentivize performance improvement.

Transcript

take a look at determining performance standards after accountabilities and objectives have been determined the next step is to define performance standards these are yardsticks designed to help people understand to what extent the objective has been achieved the standards provide raters with information about what to look for to determine the leve... Read More

Questions & Answers

Q: What are performance standards, and why are they important?

Performance standards are criteria used to measure the level of performance achieved in meeting objectives. They are essential as they provide clear guidelines for assessing performance, align employee expectations, and track progress towards goals.

Q: What aspects can be considered while defining performance standards?

Performance standards can refer to various aspects of objectives, including quality, quantity, and time. For example, the standards can measure the usefulness, responsiveness, acceptance rate, and feedback from customers for a customer service objective.

Q: How can organizations create effective performance standards?

Effective performance standards should be based on key elements and tasks of the job, ensuring they are job-specific and relevant. They should be observable and verifiable, allowing differentiation between different levels of performance. Concrete standards that provide necessary information efficiently should be created, considering the cost, accuracy, and availability of data.

Q: How should performance standards be set to incentivize employees?

Performance standards should be challenging but attainable within the specified time period. They should stretch employees to reach higher levels of performance, motivating them to excel. Regular evaluation of performance against the standards enables timely feedback and helps identify areas for improvement.

Summary & Key Takeaways

• Performance standards are yardsticks used to measure the extent to which objectives have been achieved.

• Standards can include criteria such as quality, quantity, time, usefulness, responsiveness, acceptance rate, and feedback.

• Effective standards should be based on key job elements and tasks, observable and verifiable, concrete, and relevant to the job's purpose.