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Evaluation Of A Performance Management System

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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
…show more content…
Companies like App le, Google, and Statoil use a 360
-
degree model for collecting valuable information in further training and learning as part of a performance management system (Chelniciuc, 2013).
This particular mod el provides an essential examination of an individual worker
’s
performance through observations and interactions between an employee and associates , executives and subordinates (Linman, n.d.).
In
Running head:
A PERFORMANCE MANAGEMENT SYSTEM
2
Linman
’s
(n.d.) summary article, it was found that these observations positively contribute d to a sharper and more effectively designed training and contro l program that produce s organizational improvements
.
The third model comes from the Booz Allen Hamilton manage ment and consultancy firm, an advance d and contemporary performance management model that is today implemented across various companies and financial institutions
.
In t he Booz Allen performance management model
,
“it includes human resource components that are designed to create an integrated system to ensure that high levels of employee performance aligns with organizational goals
.
” (Booz Allen, n.d.).
A
summary review of the Booz Allen performance management model has found that performance capability gains come from worker productivity and from the technicalities in which to develop the high standards of performance and output of workers as a strategic part of management’s intention to fulfill
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