Personality and Employee Performance Essay Example | Topics and Well Written Essays - 1750 words

Personality and Employee Performance - Essay Example Employee Performance The concept of employee performance is the most practical and applicable in the organizations these days. It refers to the performance or the productivity given by the employees with reference to their jobs or assigned tasks. This performance of workers, in essence, gives rise to the performance appraisals and other such measures to assess the criteria for their rewards and punishments. The concept of performance appraisal, also known as performance evaluation, pertains to a periodic and systematic procedure of assessing and evaluating the performance of employees and their productivity at jobs (Muchinsky, 2012). The performance of employees considers elements such as accomplishments, organizational citizenship behavior, weaknesses and strengths, and the future improvement potential. The concept of employee performance and the systems to measure it tend to align and manage all the resources of the organizations for the purpose of achieving a performance which is possible to the maximum. The performance management is the tool that organization largely utilize to establish the failure or success at the workplace. Thus, the highest priority of the present day organizations is to keep a track of the employee’s performance. Moreover, the performance appraisals also elaborates upon the incentives or reinforcements required for the employees regarding their output at the assigned tasks, punctuality and attendance, dependability, interpersonal relations, and needs for further performance improvement and development. Personality Traits The concept of personality entails wide perspectives within the term and belongs to the field of psychology. However, this term is widely used and applied in the scope of business as well. The term ‘personality’ can be described as an organized and dynamic array of characteristics which an individual possesses and which are capable of influencing the person’s emotions, behaviors, cognitions, and motivations in diverse situations. Personality may also pertain to the patterns of feelings, perception, thoughts and behaviours which the individuals depict with the passage of time. These patterns also have strong influences on the values and attitudes, self-perceptions, and have the ability to predict the individual’s responsiveness to the other people in the times of stress and problems. Relationship between Personality and Employee Performance The high demands and stress posed upon the employees at workplace in the present times generate a need for the employees, managers and all the workforce that deals with the everyday requirements of the organziations, subordinates and the pressure of workloads (Francis, 2007). The position of employees, specifically the middle and higher level employees such as managers and supervisors, requires a lot of stress and responsibility, as they are expected to give the outcomes which disregard elements of favourable or unfavourable s ituations. The leaders and managers are required to figure out solutions and take up variety of challenges which accumulate in the business every other day. Many of these demanding tasks inculde staff reassignment, limited budget, withdrawal of finance, reorganization of units, government policies, and lack of availability of resources which keep

In finance, risk is best judged in a portfolio context. Is this true Essay

In finance, risk is best judged in a portfolio context. Is this true Why - Essay Example The giant players of this sector, the business are generated by management of the funds of the High Net-worth Individuals [HNI] clients and the big Corporate Houses. The services are obviously for a pre-determined fee which is generally structured on the basis of the returns generated by the investment bankers. In most common cases, there is a fixed portion of fee as well irrespective of the return generated by the fund managers (View, 2007 p.144). In this essay the researcher will analysis different aspects of portfolio. The theoretical background of portfolio especially risks and return is the integral part of portfolio discussion. So, here the researcher discusses this part at the first part of the essay. After that the researcher will discusses different aspects related with the portfolio i.e. CAPM Model, Long term financing, capital structure, WACC model, dividend policy and option. After discussing these aspects the researcher will summarise the whole topic and find out risk is the best judge in the portfolio context or not. Risk and Return In the terms of Investment, risk is the probability of difference between the expected returns and the actual return of investment. Since, the risk indicates the possibilities of reducing the part of initial or original investment or all amount of original investment. The risk is calculated through the standard deviation of the average or historical return of the particular investment. Presently, the market is too much volatile. So, most of the Companies are spending a large portion of time and money to develop the risk management strategies for the purpose of manages the risks attached with the business operation. On the other side, the return is the reward of taking the risk in investment. So, return indicates the loss or gain in the securities with in a particular timeframe. Portfolio Theory This is mathematical formulation which derived from the diversification concept. According to this theorem more than one inves ting assets are selected to minimise the risk of the each assets. There are two primary aspects of portfolio theory i.e. tries to minimise the portfolio risk at a certain level of expected return or to attempt to maximise the expected return of the investor at certain level of portfolio risk. Harry Markowitz was the person who introduced the idea of diversification in the year 1952. The concept of equity diversification in the international market is aimed at reducing risk, thereby maximizing the value of the portfolio. In the current market scenario, there are two views in the market that are quite competitive in nature. One of the views accept that diversification in the international equity markets have the capacity of eliminating the factor of risk involved in an investment, whereas the second view accepts that if the disturbances in an economy is specific to a country, then the diversification benefits can be achieved as a result of correlation between the markets remaining at a lower level. But in case the correlation existing between the marke