1.0 Introduction
Performance management is an ongoing process of communication between a supervisor and their employees to achieve the goal of the company. It also considers as the process of providing a better work environment for their employees to perform the jobs. Performance management system includes develop a clear job descriptions, select the right people in the right position, provide training to their employees, provide compensation and others. For example, Microsoft Corporation provides personal freedom to their software developers to select their own training courses (Brundage, n.d).
However, performance appraisal is the process by which a manager compares the present standards and the employee’s work behavior. The reason is
…show more content…
If a company that have an evaluation against their employees, their employees will perform well on the jobs. Based on the evaluation, employees who perform well will receive rewards or compensation from the company. As the Microsoft Corporation, they will reward their employees some bonuses, stock awards and others benefits such as health and wellness, paid time off for new parents, allow employees to buy company share at a discount and many others (Perks & Benefits, n.d).
There are some objectives why we conduct this research:
• Firstly, to understand the importance of the performance management and appraisal of the company and employees in order to find some methods to improve it and not ignore it.
• In addition, to find out and show how to evaluate employee’s work behavior in order to place the right people in the right position to advance performance.
• Lastly, to learn how to manage a good relationship or skill of interaction between the supervisor and the employees.
2.0 Content
2.1 Description and discussion of the topic based on ten (10) relevant references
In brief, a process which delivers criticism, responsibility, and documentation for performance consequences is known as performance management. It even aids staffs to contribute their efforts toward organizational objectives (Gallant, 2012). On the other hand, there’s a detailed version of explanation on the terms performance management. Performance management
Performance management is the process a business uses to assess and determine the efficiency in achieving set objectives. A durable performance management system relies on a trusting relationship between employees and employers. When employees doubt the credibility of employers, they also distrust the results of any performance management metrics that are produced. Inconsistent feedback from management can result in poor performance and cause confusion or resentment among employees, which further leads to distrust towards the performance management reports.
A performance appraisal is one of the most important factors in any organization and can be one of the greatest tools used to record employee production. Every organization has to have goals and objectives established and the employee has to be involved in this process. By conducting performance appraisal will improve productivity and also the morale of the employees.
Performance Management is a process aimed at improving performance in an effective and efficient manner. It involves following principles that ensure individuals or teams they manage:
As stated by Peter F. Drucker, “Management is about human beings. Its task is to make people capable of joint performance, to make their strengths effective and their weaknesses irrelevant.” Performance management is essential to achieving an organization 's mission statement and business goals, and also in attracting, retaining, and motivating qualified employees. There are many benefits and reasons why an organization should execute a performance management system. Performance appraisals establish the basis for qualifying, recognizing, and rewarding employee contributions. In this paper, I will discuss what performance management is, the problems with the current performance management system at my organization, how other organizations have succeeded in their performance management system and how I would advise management at my current organization to improve our performance management system.
Performance management is the systematic process by which an agency involves its employees, as individuals and members of a group, in improving organizational effectiveness in the accomplishment of agency mission and goals.
Organisations place rewards policies within the organisation for many reasons. Reward systems through performance management allow organisations to improve staff retention by keeping them motivated. In addition, reward packages encourage high performers to excel within their expertise. This overall gives the organisation a positive image as the staff turnover will be low and give the sense that the company looks after their employees.
Performance Management The performance management process provides an opportunity for the employees and managers to discuss goals and develop plans for achieving those goals. Therefore, communication involve between managers and employees that they have to identify job roles and functions related to the company objectives. They get together to devise some performance appraisals to enhance the company overall performance. The performance manager responsible for supervising workforce and the group educates and develops employees’ potential in order to improve workforce performance.
Performance management is a process that provides feedback and accountability and also documentation for performance outcomes. It is a forum to help employees channel their talents toward organizational goals.
One of the most misunderstood tools used by managers in today’s businesses is the performance evaluation. At its basic level, the performance evaluation is a tool that allows an organization to evaluate an employee’s past performance compared with a set of performance standards (Dessler, 2015). These evaluations may be used to determine pay and compensation, promotions, terminations, training and development opportunities, and more (Mulvaney, McKinney, & Grodsky, 2012). Although the idea of providing feedback on job performance seems simple, many organizations struggle to develop a performance evaluation system that is fair to employees, easy for managers to use, and that measures key areas of performance. A study of 100 large U.S. corporations showed that all of the companies used some sort of performance evaluation system, but half of the corporations were considering making major changes to their system and six percent of the firms said they were considering eliminating the process altogether (Lawler, Benson, & McDermot, 2012). Given the importance of providing feedback about performance and the potential organizational benefits of an effective process, eliminating performance evaluations is not likely to result in success for employees or the
Performance management refers to a process by which managers monitor, rate and reward an employee for their work and contributions towards the achievement of organizational goals. The assessment of an employee 's contribution usually plays a major role in promoting individual accountability. This ensures maximum contribution of the employee. Performance management therefore forms an integral part of a business organization mainly because it creates a conducive environment for business where the staff is motivated and good working relationships exist among them.in most cases, performance management focuses on individual employees performance , the small groups in which they work or the various departments found within the organization. Some of the important roles played by performance management in an organization which makes it important today include;
“Performance management is a process by which managers and employees work together to plan, monitor and review an employee’s work objectives and overall contribution to the organization. More than just an annual performance review, performance management is the continuous process of setting objectives, assessing progress and providing on-going coaching and feedback to ensure that employees are meeting their objectives and career goals” (HR Resource Center, n.d.).
Performance management includes activities to ensure that goals are consistently being met in an effective and efficient manner. Performance management can focus on performance of the organization, a department, processes to build a product or service, employees, etc. Setting up a good performance management system doesn 't happen overnight or by accident. You need to consider its design and carefully plan how it will work before managers begin using it to evaluate employees. Managing employee or system performance facilitates the effective delivery of strategic and operational goals. There is a clear and immediate correlation between using performance management programs or software and improved business and organizational results.
Performance appraisal process if made clear and transparent can help a lot to avert low morale in employees. Fair, trustworthy, and transparent processes for performances management and resource allocation help to meet people’s drive to defend.
I have experience in performance management and understand the performance appraisal or a disciplinary process. It aims to improve organisational, functional, team and individual performances. Effective performance management measures the progress being made towards the achievement of the organisation's business objectives. It does so by planning, establishing, monitoring, reviewing and evaluating organisational, functional, team and individual performance.
Performance Management is a management process put in place by an organisation to ensure that employees are aware of the level of performance expected of them in a particular role within said organisation, as well as any individual objectives they will need to achieve to achieve the overall organisational objectives.