Pharma Veterans

AI Driven Performance Management of Future – Asrar Qureshi’s Blog Post 975 Dear Colleagues! This is Asrar Qureshi’s Blog Post 975 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to aq.pharmaveterans@gmail.com for publishing your contributions here. Credit: Anna Shvets Credit: MART Production Credit: Sora Shimazaki Talent Management has three top metrics: Engagement, Performance, and Retention. Most organizations in Pakistan, however, separate these three and apply different tools and tactics to each of these. Performance management is easier because systems in vogue such as KPIs can be copied and installed. Engagement is more complex as it relates to employees’ emotions. Retention is usually maneuvered through offering extra money, perks, and benefits. Performance management, if done holistically, can tackle all three issues. Our focus in this post is on how new technology of AI will impact the pro...

Biases in 360-degree Appraisals and their Mitigation – Asrar Qureshi’s Blog Post #973 Dear Colleagues! This is Asrar Qureshi’s Blog Post #973 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to aq.pharmaveterans@gmail.com for publishing your contributions here. Credit: fauxels Credit: Jean-Daniel Francoeur Credit: Tima Miroshnichenko 360-degree appraisal is a way to get feedback on performance of an employee from different perspectives. In this system, bosses, co-workers, and subordinates rate the performance of an individual who is usually from mid-level to senior level of management. At these levels, there are enough related employees to provide sufficient data for a detailed assessment. 360-degree feedback may be helpful for creating a long-term roadmap for the employee’s future performance, including training and development. Fewer companies in Pakistan do 360-degree appraisals at certain manage...

Performance Review III – Pharma Veterans’ Blog Post #511 by Asrar Qureshi Dear Colleagues!  This is Pharma Veterans’ Blog Post #511. Pharma Veterans welcome sharing of knowledge and wisdom by Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Continued from Previous…… In the last two parts, we have seen brief description of major Performance Appraisal Tools. The question arises here as to which tool is better than the other if it is.  The answer is that no tool can be categorically labeled as ‘better’ than the other. The choice depends upon the organizational infrastructure, requirement, and stage of evolution.  Statistics say that over 80% businesses start as family businesses world over. Later, even when they become big and public, the family may retain control in several ways. It could be high number of shares, ...

Performance Review II – Pharma Veterans’ Blog Post #510 by Asrar Qureshi Dear Colleagues!  This is Pharma Veterans’ Blog Post #510. Pharma Veterans welcome sharing of knowledge and wisdom by Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Continued from Previous…… Besides MBOs and KPIs, there are some more types of appraisals which are used in various organizations, albeit in fewer ones in Pakistan. 360 Degree Appraisal As the name implies, it is the type of appraisal done for managers by five dimensions of interaction. The appraisal is done by: 1. Employee herself/himself 2. Customers - Optional 3.     Direct Subordinates 3. Direct Seniors 4. Peers at similar positions in the same department and other departments This gives a complete roundup of feedback from all concerned. The philosophy that goes...