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 performance.
Planning for
Performance Management
Set goals and expectations - The first thing need to do is layout exactly what you expect of employees and set goals for them to achieve.
Assess performance - The whole purpose of an employee performance review is to determine exactly how the employee has performed in comparison to the goals you set up.
Take action
Performance management is an important concept that can help organizations improve employee productivity and motivation. you may explore more with cover its components, best practices, common mistakes, implementing a performance management system, performance management and employee engagement, and emerging trends in performance management. These subtopics can provide a comprehensive overview of performance management, and it can gain a deeper understanding of performance management and how it can help organizations achieve their goals.
ReplyDeleteGood article Thamasha. Performance management is one of the most crucial aspects of SHRM aspects. Employee performance is essential to ensure the company is driving towards correct direction. Currently, there are quite a lot of measures to capture how employees are performing. Goal setting and performance evaluation towards those goals is a famous measure compared with others.
ReplyDeleteNice article Thamasha I would like to add that Performance management is very important for an organization to identify future leaders. An organization can minimize the gap between the organization's skill requirements and what an employee is able to deliver in his/ her capacity; thus, it will be beneficial for succession planning as well.
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