PERFORMANCE MANAGEMENT
What is Performance Management?
Performance management is a much
broader and a complicated function of HR, as it encompasses activities such as
joint goal setting, continuous progress review, and frequent communication,
feedback and coaching for improved performance, implementation of employee
development programs and rewarding achievements.
The process of performance
management starts with the joining of a new incumbent in a system and ends when
an employee quits the organization. Performance management can be regarded as the systematic process by which the overall performance of an organization can be
improved by improving the performance of individuals within a team framework.
According to Armstrong and Baron (1998), Performance Management is both a strategic and integrated approach
to delivering successful results in organizations by improving the performance
and developing the capabilities of teams and individuals.
The management of organizational
performance takes place on several dimensions. It is a strategic approach
that has to take into account the needs of multiple stakeholders and make use of
business performance management systems (Armstrong, 2009).
An organization can perform its
the task with the help of resources as Men, Machine, Material, Method, and Money.
Among these, manpower is live and generating resource and other resources are
non-living. Manpower is an important resource because it utilizes other resources
and gives output and if manpower is not available then other resources are
useless and cannot produce anything in the organizations. Out of all the
factors of production, manpower has the highest priority and is the most
significant factor of production and plays a pivotal role in the area of
productivity and quality. the principal component of an organization is its
human resources.
References.
Armstrong, M. and Baron A. 1998. Performance Management: The new realities. London: CIPD.
Armstrong, M., (2009) Armstrong’s Handbook of Performance Management: An evidence-based guide to delivering high performance, Kogan Page, London, p. 9.
Good work Malintha, simple explanation about performance management. Your brief about using of human and other resources in an organization shows the important human capital, thanks for sharing.
ReplyDeleteThanks jinendran for your valuable comments.
DeleteGood work Malintha, performance manegement is the process which gives the indications of where we are against the target. To improve the organization, we should use performance management aspects.
ReplyDeleteThanks Achala for your valuable comments.
Deletegood article malintha. good luck.
ReplyDeleteThanks Wsantha
DeleteGood work Malintha.
ReplyDeleteNice article.
ReplyDeletePerformance management should be a motivation for a employer & the employee. The two way communication has a big role to perform in between the process.
ReplyDelete