Performance Management system related articles
RELATED ARTICLESA performance management system is a technology and/or systematic process where the organisation involves its employees in improving organisational effectiveness by focusing them on achieving the organisation's mission and strategic goals. Not only is it a tool to implement the organisation's strategy, it is also useful for communicating the organisational goals and objectives, reinforcing individual accountability for meeting those goals, and tracking individual and organisational performance results.
A good performance management system has four basic aspects. Firstly, it should provide each employee with a clear understanding of his or her job expectations. The job description should be specific, kept up to date, while clearly spelling out the required skills and goals. Secondly, employees should be given regular feedback about their performance. Together with well-defined performance indicators, employees should be regularly informed of how they are performing. This should also be a two-way channel whereby employee feedback can be used to further improve both the system and the organisation. Thirdly, regular advice and training should be provided to help employees improve their performance. Fourthly, there should be a reward system that is co-related to employee performance.
With a good system in place, the organisation will find it easier to hire talented people, place them in the right position, align their individual performance with the organization's vision and strategic objectives, develop their abilities, and reward their performance and contributions to the organization's success. Moreover, with on-time performance appraisals and commensurate rewards, this will help to improve employee morale and retain the talented ones. In the long run, there will also be a marked improvement in work productivity, which translates to increased profitability for the organisation.
You might also like
Business Process Management within Chemical and Pharmaceutical Industries: Markets, BPM Methodology and Process Examples
Job seeker uses billboard across from Kitchener's Google office to stand out .. — MetroNews Canada
Brumwell-worked in the information technology and project management fields in recent years for companies including Enbridge. Much of his work in the past five years has been on contract, leading him to want to seek out something more permanent.
Low-tech billboard gets high-tech attention — OurWindsor.ca
Brumwell worked in the information technology and project management fields in recent years for companies including Enbridge. Much of his work in the past five years has been on contract, leading him to want to seek out something more permanent.
A privilege to sharing the joy of music — BDlive
Now he teaches the same instrument as part of his work with Buskaid, although he dreams of starting his own project management business "with a few friends", information technology and project management being what he studied after finishing school.