MN7181-PEOPLE AND ORGANIZATION - IMPORTANCE OF EFFECTIVE PERFORMANCE MANAGEMENT
IMPORTANCE OF EFFECTIVE PERFORMANCE MANAGEMENT
source :https://www.bing.com/images/search?(Armstrong,2014 p.331)
Performance management is the process of creating a work environment or setting in which people are enabled to perform to the best of their abilities and this is a whole work system that begins when a job is defined as interaction with an employee at every step of the way in between these major life cycle occurrences. Performance Management makes every interaction opportunity with an employee into a learning occasion. (Healthfield,2019)
Elements of Performance Management
References
https://www.thebalancecareers.com/performance-management-1918226https://www.clearreview.com/why-performance-management-important/https://www.clearreview.com/why-performance-management-important/
source :https://www.bing.com/images/search?(Armstrong,2014 p.331)
Performance management is the process of creating a work environment or setting in which people are enabled to perform to the best of their abilities and this is a whole work system that begins when a job is defined as interaction with an employee at every step of the way in between these major life cycle occurrences. Performance Management makes every interaction opportunity with an employee into a learning occasion. (Healthfield,2019)
Elements of Performance Management
- Agreement
- Feedback
- Positive reinforcement
- Dialogue
Why Performance Management is important?
- Encourages Employee Reward and Recognition
From this rewarding and recognition system result in better staff retention and motivate employees and this promotes a growth mindset among team members. Continuous performance management allows managers to see when employees go above-and -beyond. It helps them track progress against goals and personal development and make informed decisions about additional compensation, such as bonuses.
- Boost Employee Engagement and Productivity
Continuous performance management creates an ongoing dialogue and an atmosphere of trust, support and encouragement. It helps develop a relationship between employee and company.
- Helps to create employee Development Strategies - continues performance management means proactively developing employees by covering their development needs use the information you collect about an employee's past performance and current efforts, and the based on discussions that have to grow employees talent.
- Allows for the exchange of Feedback
The importance of feedback in performance management cannot be overtated. Employees want feedback and they want is regularly. They need to know how they are performing and how they can improve. Furthermore, they should have the opportunity to give feedback on their company and management.This is the only way company processes can evolve and become more streamlined.
- Creates Clarification concerning SMART Goals
The right performance management processes can eliminate ambiguity and confusion about goal setting. Having regular, future focuses conversations through continuous review helps to ensure employees are clear on everything they are supposes to be doing and wat is expected of them. Continuous performance management also encourages employees to be more involved, giving them the autonomy to set goals relevant to them, their strengths and organizational goals thus providing employees with added ownership and motivation. All of this will help them take control of their performance.
References
https://www.thebalancecareers.com/performance-management-1918226https://www.clearreview.com/why-performance-management-important/https://www.clearreview.com/why-performance-management-important/
Performance management as a continuous process of identifying, measuring, and developing the performance. As you mentioned it provides a feedback and identifies the training requirements, which are absent in performance appraisal.
ReplyDeleteEffective performance management has become an integral aspect of HR management. thus motivated workforce also helps the organization reduce turnover rates and boost productivity significantly. the organization align its employees, resources, and systems to meet their strategic objectives
ReplyDelete