A performance improvement plan (PIP) provides a measurable path to achievement for struggling employees or those seeking a promotion. This post will go through the benefits of a performance improvement plan and how to respond if an individual is placed on one. It also distinguishes between a performance improvement plan and a personal improvement plan. What …
An organization should always strive to develop its employees’ skills through an Individual Development Plan to perform better and the firm can operate more efficiently. New employees, established employees, and seasoned executives all benefit from individual development plans. What is an Individual Development Plan? Definition: An Individual Development Plan (IDP) is a tool that allows …
Definition: A company is a legal entity formed by people or groups to engage in commercial activities or operate a business. The company members share a common goal, forming an association to achieve shared objectives. A company can be either private or public. Both types of businesses have their own set of rules and regulations …
McGregor’s X and Y Theories was developed by social psychologist Douglas McGregor in the 1960s. He established the two contrasting theories to understand a manager’s beliefs regarding employee motivation and its effect on management style. What Is The McGregor X and Y Theories? McGregor’s X and Y Theories are contrasting theories that depict two different …