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 Visit www.HRhelpboard.com 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 Visit www.HRhelpboard.com PERFORMANCE MANAGEMENT
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