Performance Management

Performance Management

Performance management is the process of creating a work environment or setting in which people are enabled to perform to the best of their abilities (Lucidchart.com, 2019).

Performance management is a whole work system that begins when a job is defined as needed. It ends when an employee leaves your organization.

Performance management defines your interaction with an employee at every step of the way in between these major life cycle occurrences. Performance management makes every interaction opportunity with an employee into a learning occasion.

Components of a Performance Management System

The performance management system may contain all of these components, but it is the overall system that matters, not the individual components. Many organizations have been able to develop effective performance management systems without all of the following practices.

A performance management system includes the following actions

Develop clear job descriptions using an employee recruitment plan that identifies the selection team.

Recruit potential employees and select the most qualified to participate in interviews onsite.

Conduct interviews to narrow down your pool of candidates.

Hold multiple additional meetings, as needed, to get to know your candidates' strengths, weaknesses,

 and abilities to contribute what you need. Use potential employee testing and assignments where they make sense for the position that you are filling.

Select appropriate people using a comprehensive employee selection process to identify the most qualified candidate who has the best cultural fit and job fit that you need.

Offer your selected candidate the job and negotiate the terms and conditions of employment including salary, benefits, paid time off, and other organizational perks.

Welcome the new employee to your organization.

Provide effective new employee orientation, assign a mentor, and integrate your new employee into the organization and its culture.

Negotiate requirements and accomplishment-based performance standards, outcomes, and measures between the employee and his or her new manager.

Provide ongoing education and training as needed.

Provide on-going coaching and feedback.

Conduct quarterly performance development planning discussions.

Design effective compensation and recognition systems that reward people for their ongoing contributions.

Provide promotional/career development opportunities including lateral moves, transfers, and job shadowing for staff.

Assist with exit interviews to understand WHY valued employees leave the organization.

Conclusion

A good performance management system is vital for any kind of organization so as to build up healthy working environment with satisfied work force, Identifying and evaluating employee’s skills and commitment in systemically way would be benefited retain highly talented employ’s and identifying the lapses and bridge knowledge gab in a systematically way.

Rewords and promotions should be accommodated according to the performance management system so that employee’s dissatisfaction and criticisms toward the organization can be managed systematically with good performance evaluation system.       

When we consider today's dynamic economic condition more advantages would be reached with good performance management system. It would be easy for specially to HR department to evaluate of employees according to achievement which already specified accordingly.

References

Lucidchart.com. (2019). 4 Fundamental Change Management Models | Lucidchart Blog. [online] Available at: https://www.lucidchart.com/blog/four-fundamental-change-management-models [Accessed 3 Jan. 2019].

Anon, (2019). [online] Available at: https://www.quora.com/Can-someone-provide-the-simplest-explanation-of-MVC-pattern-in-simple-English [Accessed 3 Jan. 2019].