Performance Management
What is Performance Management Michael Armstrong have defined performance management is a strategic and integrated approach to delivering sustained success to organizations by improving the performance of the people who work in them and by developing the capabilities of teams and individual contributors. According to Pointon and Ryan, Performance management has formed a key activity for managers and management in the quest to increase the benefits gained by the application of labour power. Principles of Performance Management It translates corporate goals into individual, team, department and divisional goals. It helps to clarify corporate goals. It is a continuous and evolutionary process, in which performance improves over time. It relies on consensus and co-operation rather than control or coercion. It creates a shared understanding of what is required to improve performance and how it will be achieved. It encourages self-management of individual...