Performance Management and Appraisal

10885 WordsApr 20, 201144 Pages
PERFORMANCE MANAGEMENT AND APPRAISAL A PROJECT REPORT Submitted by in partial fulfillment o f the requirement for the award of the degree Of MBA IN HUMAN RESOURECE MANAGEMENT INDEX SR.NO TOPIC PAGE NO 1. INTRODUCTION 2. PERFORMANCE MANAGEMENT 3. PROCESS OF PERFORMANCE MANAGEMENT 4. PERFORMANCE APPRAISAL 5. COMPANY PROFILE- KMC CONSTRUCTION LTD. 6. CONCLUSION Chapter 1 INTRODUCTION TO PERFORMANCE MANAGEMENT AND APPRAISAL Human Resource (or personnel) management, in the sense of getting things done through people, is an essential part of every manager’s responsibility, but many…show more content…
Performance Management Performance management is an ongoing, continuous process of communicating and clarifying job responsibilities, priorities and performance expectations in order to ensure mutual understanding between supervisor and employee. It is a philosophy which values and encourages employee’s development through a style of management which provides frequent feedback and fosters teamwork. It emphasizes communication and focuses on adding value to the organization by promoting improved job performance and encouraging skill development. Performance Management involves clarifying the job duties, defining performance standards, and documenting, evaluating and discussing performance with each employee. Performance Management reminds us that being busy is not the same as producing results. It reminds us that training, strong commitment and lots of hard works alone are not result. The major contribution of performance management is its focus on achieving results useful products and services for customers inside and outside the organization. Performance management redirects our efforts away from being busy towards effectiveness. Recently organizations have been faced with challenges like never before. Increasing competition from business across the world has meant that all businesses must be much more careful about the choice of strategies to remain competitive. Everyone in the
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