Performance Management


Hrhelpboard1161

Uploaded on Jan 14, 2022

Category Career & HR

Performance management is a tool used by managers to monitor and evaluate the work performance of employees. 

Category Career & HR

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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