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Elements of success - Performance Management System

Date Added: April 25, 2011 06:19:16 AM
Author: kalpanaceo
Category: Business & Economy: Business Resources

Performance management is a systematic process by which a company involves its employees with their line manager and often members of a group, in the identification and implementation of organizational effectiveness improvements in the accomplishment of the objectives of the company. Employee performance management typically includes: Planning work and setting performance and work standard expectations, Continually monitoring and providing feedback on performance, Developing the capacity to perform, Regularly rating performance in a summary and agreed format, Recognizing and rewarding good performance. In any highly effective company, much of the work is planned and scheduled in advance. Planning means scenery performance expectations and goals for teams and individuals to focus their efforts toward achieving agreed company objectives. Getting employees actively involved in the planning process will help them understand and engage with the objectives of the company. In any highly effective companies, assignments and projects are monitored on a regular and appropriate basis. Effective monitoring means consistently measure the performance and providing appropriate and ongoing feedback on progress toward reaching the agreed objectives. In any highly effective company, the development needs of employees are evaluated and addressed in a systematic yet individual way. Developing in this context means increasing the capacity to perform through developmental activities such as: training, giving assignments that introduce new skills or higher levels of responsibility, improving work processes, or other methods. From time to time, most company’s find it useful to summaries employee performance. Using a consistent framework, this can be helpful for looking at and comparing performance over time or among various employees. Companies need to know who their best performers are. Rewarding means recognizing employees, individually and as members of teams, for their performance and acknowledging their contributions to the company’s objectives. A fundamental principle of effective management is that all behavior is controlled by its consequences. Kalpana ceo as a HR Management Consultant refer this 360 Feedback http://www.e360feedback.com/
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