In: Accounting
Rick is lead scientist for X Ltd, a pharmaceutical company that is working on a Covid-19 vaccine. Developing a vaccine requires a great deal of trial and error, creativity, and there is no guarantee of project success. Indeed, in more general pharmaceutical production, only about 1 in 10,000 projects are ultimately successful.
Required:
The CEO of X Ltd is concerned about Rick's performance on the Covid-19 project, costs are high and there is no guarantee of success. The CEO wants to implement a control system to measure Rick's performance. Evaluate the use of "Personnel Controls" as part of a control system to assess Rick's performance.
Personnel control includes the processes to involve, influence, inspire, and motivate and it also considers personnel goals. Personnel control emphasizes reliance on the personnel involved to do what is best for the organization and it assists them as necessary. Rick's performance needs to be assessed by upgrade capabilities of personnel in key positions, such as implementing training programs or improving job assignments. Improve communication to help individuals know and understand their roles better and how they can best coordinate their efforts with those of other groups in the organization.
Personnel controlling is used to achieve the best possible use of employees and their development to get the maximum benefit for the company. Information collection and processing of personal information is its main role, as well as monitoring of the coordination and control system. The basic features of personnel controlling are:
Depending on the management objectives for the personnel controlling subsystem, it's function could be delegated to a specific employee. He could have advisory functions that allow us to collect, analyze, report, and prepare a decision. He could also have management powers, which gives him much better decision-making capabilities and allows closer cooperation with other organizational units. The third form is the creation of the controlling committee in the company's headquarters.