MN7181 : People & Organisations : Principles & Practice in global context : Managing performance

Managing Performance 

(Source : Cutcaster, 2011)
What is performance management?

 Performance management is the process of creating a work environment or conditions in which employees enable to work , perform to their maximum.According to Armstrong, (2014) 'performance management is a systematic process for improving individual, team & organizational performance'. 

 What are the benefits of having proper performance management system?

Every organization need proper performance management due to following reasons

* Self evaluation & development of employees
* To build shared vision
* To make employees more competent
* For fair HR actions
* To be align with lawsuits
* To differentiate better & low performers
* Provide clear framework for teams & rewards 

 What are the components of performance management ?

All leading organizations are following proper evaluation methodology according to their industry, number of employees & target given for them. Henderson, (2010) has introduced 3 components of performance management as follows,

1.Planning for performance 
- Have clear view on criteria for success or failure 
- Clear awareness on knowledge, skills & abilities needed for the job competency 

2.Supporting for performance
- Continuous awareness of how employees are performing 
- Revising initial goals, responsibilities & competency areas if required 
- Supporting personal development plans

3.Assessing performance  
- Recapitulation on past job records of employees
- Evaluate past performances

 Why all organizations should have proper performance management system in global context?

 In today,doing business has become rather complex, different & challenging under current context since things have been changed over decades.Employers need to identify positive s & negatives of the workforce to finally identify the impact of same to the organization while employees need to asses them self to identify their performances in order to get rewards or rectify same if required. 

 Hence performance management is very important for both employers & employees to reach their specific objectives.

 By Ishan Meegaswatte

 References :

Armstrong, M., 2017. Armstrong handbook of human resource management practice. s.l.:Kogan page.

Cutcaster, 2011. Cutcaster. [Online]
Available at: https://cutcaster.com/vector/801011075-People-improvement-step-upward-excellent-achievement/
[Accessed 24 12 2018].

Henderson, I., 2011. Human resource management for MBA students. 2 nd ed. Wimbledon: Chartered Institute of Personnel & Development.

Comments

  1. Harshanie Bandara4 January 2019 at 23:36

    Very interesting

    ReplyDelete
  2. Salitha Bandara6 January 2019 at 02:51

    Good work 👍

    ReplyDelete
  3. Thilinisewvandi7 January 2019 at 23:53

    Well described the theme and I also agree on employee performance helps them to identify their performance individualy and to enhance the same.

    ReplyDelete

Post a Comment

Popular posts from this blog

Image
Organizational Culture Towards Better Marketing Practices                                                   Source: (Click, 2016) Organizations differ individually though they are in the same industry due to specific ways of doing things, management characteristics, workforce characteristics, target market & etc. There are already set specialized procedures, and methods for all organizations & same are commonly called & identified as organizational culture. There are 8 cultural styles as Caring, Purpose, Learning, Enjoyment, Results, Authority, Safety & Order used by organizations & as identified by scholars such as Edgar Schein, and Geert Hofstede there are main 4 attributes of culture as follows,   1. Shared - Culture always remain with groups as a sharing & not exist within an...
Read more

Importance of Customer Relationship Management (CRM)

Image
  Source: (Ambarita, 2019) Customer relationship management refers to a set of practices used by a business to manage and foster its connection with customers. Effective customer relationship management directs companies to have a loyal customer base, which is one of the main goals of any business entity to increase its sales and profits in the long run. The more loyal customers, the more the existence of businesses has proven beyond doubt with the leading business brands in the world such as Apple, Mercedes Benz, Facebook, Amazon, etc. It is inspiring to see how leading businesses gradually design their products and services to meet customer requirements and retain and expand their customer base with superior-excellent customer relationship practices. Pre- and post-customer relationship management Customer creation and relationship building start with the basic stage of identifying the customer’s current and prospective requirements.  At the product or service searchi...
Read more

MN7181 : People & Organisations : Principles & Practice in global context - Learning & Development

Image
Learning & Development (L & D) (Source : Menzies law, 2018) Learning & development is vital factor for better human resource management in an organization in order to drive work force for achieving goals of the organization. It is the systematic acquisition of attitudes, concepts, knowledge,roles or skills which need to improve the performance at work. According to Senge (1990) learning organizations are the entities where people are continually learning how to learn together. Generally there are main 4 components in L & D. 1.Learning The process which person acquires & develop knowledge, skills, capabilities, behaviors & attitudes.  2.Development  The growth of person's ability & potential through learning & experience.  3.Education The development of knowledge , values & understanding 4.Training Systematic application of formal processes to foster knowledge & acquire skills.  Accordi...
Read more