Performance Management

Question 1

What performance measures does Halfpenny use?

Answer 1

Not given in case study.

Question 2

How are targets set?

Answer 2

Not told however,

Budget are prepared annually and managers have limited involvement in budget setting

Question 3

Does Halfpenny use any form of bonuses or performance related pay?

Answer 3

Samira Kurna (HR Director) if a firm believer that an incentivised workforce is a more productive workforce and has just introduced a new bonus scheme.

However, no targets for staff have been told in the case study.

Question 4

How does Halfpenny calculate variances?

Answer 4

Not told, just that they use standard absorption costing.