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Role of Performance management system
performance management system in organizations
performance management system in organizations
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The management process I have chosen to evaluate for this project is Performance Management.
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.
Evaluation of Performance Management as a Management Process
The benefits of a performance management process in an organisation are:
• Employees are fully aware of the goals they need to accomplish and of the expected level of conduct required within the organisation
• Should an employee fail to meet their set goals in the performance management process, a good process will contain an agreed-upon action plan to identify and correct the performance issues, with clear guidelines on how said employees performance will be evaluated going forward
• Regular and ongoing performance management is a way to involve employees in their own training and identify and issues they may be encountering in meeting their performance goals.
• Employees are fully aware of any disciplinary procedures or consequences which may result from not meeting performance goals or not meeting the expected level of conduct.
An efficient performance management process will involve employees in an organisation, ensuring that all employees are fully aware of the organisations goals and objectives and of how the organisation plans to accomplish these goals and objectives. By involving employees in their performance management and in their training and development, employees are allowed to improve on their skill set and begin to feel a sense that thei...
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...Bias in Performance Appraisals” [online] www.safetyperformance.com (accessed 8/52014)
3. Gray, A; Stewart,A; Anderson,B; Handley, C; Bray, D; Darling, P, (unknown) “360 Degree Feedback Best Practice Guidelines” [online] www.dti.gov.uk/mbp/360feedback/360bestprgdlns.pdf (accessed 8/5/2014)
4. www.ag.ndsu.edu/aglawandmanagement/agmgmt/reference/strategic-business-planning/step-9-monitor-and-control (Accessed 4/5/2014)
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6. www.psychology.about.com/od/motivation/f/difference-between-extrinsic-and-intrinsic-motivation.htm(accessed 14/5/2014)
7. www.smallbusiness.chron,com, (accessed 7/05/2014)
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An effective and efficient performance management process requires the supervisor of any organization to master the procedure and apply it without fail. The supervisors have to remain competent in following the routine of the performance plan. Thus, to maintain a constant follow up of the procedure, the supervisor should understand the practices that involve performance management. Performance management process includes designing the expectations of employees, monitoring the progress of personnel, developing the capacity to improve performance at work, rating performance and reward good accomplishment of set expectations (Fischer and Wermers, 2013).
The ideal verse actual performance management (PM) system implemented by an organization has similarities and differences that prove to be the distinction between a system that yields the desired results and one that does not. Aguinis (2009) outlines and discusses 14 characteristics of an ideal PM system that, if implemented, are likely to help the system generate the desired results.
Performance management is made up of multiple components, one being performance planning. This component is where the leader establishes the direction and describes the assignment with great clarity. This sets the tone for everyone involved with the project, it is the foundation for further performances and evaluations(Manning & Curtis, 2015, p. 468). It is important for leaders to convey their vision and message to their employees
Many organisations use a process of performance management as a mechanism for driving up productivity and employee engagement through objective setting (targets), competency assessments, employee development needs, reward and remuneration packages and career development strategies.
Heathfield, S. M. (n.d.). Performance Management. Retrieved March 15, 2014, from About.com Human Resources: http://humanresources.about.com/od/glossaryp/g/perform_mgmt.htm
Ideal performance determines the progress being made by and organization in its attempts to meet its organizational goals. BP has to conduct performance management on its new stake holders and staff to ensure maximum output and profitability in the organization since it ensures that the employees are working towards the achievement of organizational objectives which is essential. According to the Australian Human Resource Institute (2016), BP can do so by planning, establishing, monitoring, reviewing and evaluating itself, its talented workforce and the individual performance of each employee in the firm. The issues that BP’s performance management will incorporate include remuneration of employees, their training and development, disciplinary procedures and counseling, job planning, compensation and incentives. The constituents of performance management give a framework in which the employees operate (University of Carlifornia, 2016). In the transitional phase that the firm is undergoing, the human resource department at BP Global can decide to implement the following performance management system to ensure efficient service delivery in the
Performance management is a process that guarantees an organisation and all of its available resources are working collectively and effectively towards achieving the organisation’s mission or goal. Performance management affords an understanding of what drives an individuals, and even organisations, performance at all levels. An understanding of performance management allows for the identification and minimisation of unproductive areas of an organisation, as well as an ability to predict future performance. It is a powerful tool that can be used by managers at all levels of an organisation to help improve a company’s productivity.
When implementing a new performance management system in an organization there are both advantages and disadvantages that need to be taken into consideration by the design team. However, one of the best ways to know if a performance management system is effective is by implementing the system within the organization and then continuously monitor and reevaluate if the system is still relevant to the organizational
Good performance management practices must be followed by the managers so that accountability leads to positive result. Also, in order to create positive environment necessary for constructive accountability, managers need to:
Our book defines performing management as what leader do. It is the systematic integration of inorganization’s efforts to achieve its objectives. (Shafritz, 298). In other words, Performance management is an approach to measure and judge the performance of employees in any organization. performance management concept is used to measure both individual and group performance. The importance of performance management for any business is that it will help in monitoring the employees and also helps in improving their efficiency at work. It fills the gap between incapability of employees at work place and expected outcome from those employees. An organization with effective performance management will gain more employee satisfaction and growth.
Performance management is a management tool used to value, monitor and measure a company’s strategies that ensure the efficiency and effectiveness of its product delivery. This management tool does not focus on the organisation and on its employees as well as stakeholders. It is a continuous process that entails that managers make sure that organisational and employee values are corresponding (Aguinis, 2005,p.1/2-1/5). Performance Management brings about the competencies in the employees, increases self-esteem by giving feedback to employees, there is a low number of lawsuits because it helps understand the company better (eThekwini Municipality, 2008,p.10-11). According to Pride, Hughes and Kapoor (2011, p.288) performance management creates motivation for employees; one theory of motivation is of Expectancy, which stipulates that employees satisfaction is driven by expectations of what an organisation will offer in return.
Performance management system supports the continuous improvement of knowledge, skills and performance of the employees. This system is required for the overall development of the individual employees, the dyads, teams and the entire organization. It helps in increasing the productivity and efficiency of the employees. It evaluates the performance of the employees and helps them in developing their future potential (Fisher, Schoenfeldt & Shaw, 2004).
Performance management is used for the basis of promotion, reduction in force purposes (talent management), gives transparency of what an organization is looking for, merit increases, and lastly it provides protection against lawsuits for unlawful termination by keeping written documentation. Performance evaluations are advantageous to both the organization and the employee. A leading advantage of performance evaluations is it gives the employee an opportunity to create and achieve smart goals. Although performance evaluations primary function is to measure whether an employee is a good fit or a bad fit for the organization, its function is so much a broader. Performance management is tool purposely used to motivate employees to examine themselves and determine if they have selected the profession that is best for them; consequently the feedback an employee receives from their superior supports them with increase their knowledge and
Performance management is a continuous process that creates a working culture to encourage employees to improve their work performance and reach their full potential during their stay of employment. Performance Management also provides strategic direction, develop competency in employees and instill organization value. This paper will identify methods and affects that performance management plan has on the organization and their employees.
In conclusion, each segment of the performance management process holds a vital link to the next. Not unlike knocking over one domino in a series, it has an effect on the next domino. If one portion in the process is dysfunctional, the next may be identical in its dysfunction – and on and on.