Evaluation Of A Performance Management System

2598 Words Apr 3rd, 2015 11 Pages
Running head:
A PERFORMANCE MANAGEMENT SYSTEM
1
A
Performance Management System
:
A Closer Look at Current Models and the Elements of a Performance Management System
C
urrent
P
erformance
M
odels
In this section, t hree current models of performance management are summarized in different companies and the results from each of these models demonstrates the relationship between a performance management model and busine ss longevity. The se models differ in their theories and methods but have all been similarly effective to producing high levels of employee performance .
In o ne type of performance management model that has been implemented and effective at
General Electric is a method that has been used by many companies today called top grading ( a method to select and to distinguish the highest performing staff members from the poor est performing ones
)
(Sweet, 2011)
. In Sweet’s (2011) summary article review, it was found that a top grading method was proven to be a favorable advantage for the development of staff members and for the identification of superior performers with higher aptitudes by determining the knowledge, skills and abilities as well as flaws and potential risks of a candidate
.
As a result of the t op grading method, it has assisted in contributing to a n overall stable, secure and robust economy and long lasting business (
Topgrading, n.d.
).
In a second model,
Linman (n.d.) examined the practical benefits of a
360
- degree feedback model and its…
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