About Samsung Samsung is a word leading multidisciplinary organization which founded in 1969 in South Korea. Through years, Samsung has proven that they are the leading organizations with incredible annual revenue. In 2015, their sales reach 200.7 trillion Korean Won (KRW), which approximately 171 billion USD, thou the that number in 2014 was higher, at 206.2 trillion KRW. Their net income in 2015 was 19.1 trillion KRW and in 2014, that number was 23.4 trillion KRW. At the end of 2015, Samsung has more than 325 thousand employees in 80 countries with 34 Research and Development located in many different regions.
Performance management
In the year 2014, Samsung had reported their performance management strategies, which including four main …show more content…
“Flexible Working System” in their language was simply the flexible working schedule in most of the divisions. The system allows the employees to arrive at the workplace just any time they want to before 6pm and work for 8 hours and the aim of the system is to allows the employees to balance their work life according to their demand. Later in 2011, Samsung adopted a system called “mobile office” that allow the employees to use their phone for emails which then encourage a more freedom way of work in the office. The system proved the innovation of Samsung in managing the performance and build trust, boost creativity and also endorse happiness in the …show more content…
Samsung used the results to reward, promote, develop and select the leaders. As the aspect of managing the performance of the employees, Samsung evaluate the working processes, results and competency of each individual as well as career management. Samsung also stated that they worked hard to fairly evaluate each individual and treat them the wat they meant to be treated. The steps of managing the performance including setting goals, regular interviews, evaluate and interviews based on result, the order was arranged in order. The evaluations were conducted using a computer system to avoid mistake and after the evaluation, if an employee was not satisfied they can order a re-evaluation process.
Conclusion
All the ideas of performance management of Samsung provided in the report of sustainability in 2014 and 2016 were innovative and all boost the creativity and the morale of the employees. These performance management strategies helped the employees to feel needed and all of them were respected evenly. Samsung has done several best fit and best practice with some of the management practices are adopted and some are created by them based on the current situation, one of the adopted was “Mobile Office” which had been used widely since the era of smartphones
Performance management
In the year 2014, Samsung had reported their performance management strategies, which including four main …show more content…
“Flexible Working System” in their language was simply the flexible working schedule in most of the divisions. The system allows the employees to arrive at the workplace just any time they want to before 6pm and work for 8 hours and the aim of the system is to allows the employees to balance their work life according to their demand. Later in 2011, Samsung adopted a system called “mobile office” that allow the employees to use their phone for emails which then encourage a more freedom way of work in the office. The system proved the innovation of Samsung in managing the performance and build trust, boost creativity and also endorse happiness in the …show more content…
Samsung used the results to reward, promote, develop and select the leaders. As the aspect of managing the performance of the employees, Samsung evaluate the working processes, results and competency of each individual as well as career management. Samsung also stated that they worked hard to fairly evaluate each individual and treat them the wat they meant to be treated. The steps of managing the performance including setting goals, regular interviews, evaluate and interviews based on result, the order was arranged in order. The evaluations were conducted using a computer system to avoid mistake and after the evaluation, if an employee was not satisfied they can order a re-evaluation process.
Conclusion
All the ideas of performance management of Samsung provided in the report of sustainability in 2014 and 2016 were innovative and all boost the creativity and the morale of the employees. These performance management strategies helped the employees to feel needed and all of them were respected evenly. Samsung has done several best fit and best practice with some of the management practices are adopted and some are created by them based on the current situation, one of the adopted was “Mobile Office” which had been used widely since the era of smartphones