Uploaded on Jan 14, 2022
Performance management is a tool used by managers to monitor and evaluate the work performance of employees.
Performance Management
WHAT IS
PERFORMANCE
MANAGEMENT
BY
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1
PERFORMANCE MANAGEMENT
PERFORMANCE MANAGEMENT
Lets Understand Step by Step :
Performance management meaning and definition
Types of performance management
Objectives of performance management
Purpose of performance management
Advantages and disadvantages of performance
management
PERFORMANCE MANAGEMENT
PERFORMANCE MANAGEMENT
MEANING & DEFINITION
Definition:
Meaning:
It is a continuous process
It is a tool used by
of identifying, measuring
managers to monitor and
and developing the
evaluate employee
performance of the
performance
employees
PERFORMANCE MANAGEMENT
TYPES OF
PERFORMANCE MANAGEMENT
Technollogiic
Generall 360--Degree all
Apprraiissall Apprraiissall Perrfforrmance
Apprraiissall
Salles Types of Performance Emplloyee
Perfformanc Management Sellff--
e Appraiisall Assessmentt
Prrojjectt Managerr
Evalluattiion Perrfforrmanc
Reviiew e Appraiisall
PERFORMANCE MANAGEMENT
Objectives of
Performance Management
To help employees in achieve set goals
Helps to identify the skills and knowledge required
for job
Motivate employees and boost employee
empowerment
Provides a communication channel between team
and supervisor
Identifies the issues which leads the low
performance
Provides data for several important decisions in the
organization
5
PERFORMANCE MANAGEMENT
Purpose of
PerformancePur pMosse anagement
off
Perfform
ance
Empllooyym Manage
eentt mentt
Deecciissiionss
Diiagnosseess
off Feeeedbacck
Orrggaaniizzaatt Meecchaaniiss
iioonaall m
Prrooblleemss
Doccumeentt Deeveellopm
attiion eentt
Cooncceerrn Cooncceerrn
PERFORMANCE MANAGEMENT
Advantages of
Performance Management
• Generate a performance document for every employee for
particular financial year
• Creates a formal structure for communication between
supervisor and employee
• Makes it mandatory for the supervisor to provide timely
performance feedback
• Clarify employees about the performance and behavior
expectation
• Plays vital role in the annual planning of hiring, training and
development practices and goal settings
• Motivates the employee to improve their performance
PERFORMANCE MANAGEMENT
Disadvantages of
Performance Management
• Many times create a negative experience for the
employees
• The process becomes time consuming and not
worth it
• The natural biases can result in the rater errors
PERFORMANCE MANAGEMENT
Thank You
Learn everything about Performance Managment
Performance Management Cycle Performance Management System
Performance Management Tools Balanced Scorecard
Bell Curve Appraisal 360 Degree Performance Appraisal
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PERFORMANCE MANAGEMENT
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