EFFECTIVE PERFORMANCE MANAGEMENT

     Performance    can be identified in many ways. In an  organisation  or a firm, the  performance is regarded as the accomplishment of the organisational targets and goals set by them at the beginning of a tenure. It is basically the total outcome of the individual and organisational goals.   From an employee point of view, it is defined as the degree to which an employee of an organisation contributes to accomplish the targets of his/her organisation. The term performance includes economical outcomes and behavioural outcomes  Several definitions on performance are mentioned below,  ·      The Oxford English Dictionary explains performance as “ The accomplishment, implementation, process, and excersise of anything ordered". ·      Kane (1996) also argues that “Performance is what the person leaves after execution of the purpose”. ·      Bernardin...

Employee performance evaluation It is a way to motivate the employees of an organisation which has the ability to enhance their quality of work and satisfaction. It can be identified as the best method or process to understand the performance of an employee, comprehend their abilities and inabilities, guide them through their issues and help them overcome them. Performance evaluation is also an perfect method to understand how the organisation is operating and how can they enhance their progress strategically using the human factor. This is also the basic way of identifying the best performers, rewarding them and determining their bonuses and increments.  Performance evaluation is how an organisation can identify the employees who are beneficial to the organisation and groom them as future successors. A strategic process of performance evaluation always consists of various methods to comprehend an employees performance. Without using the...

  Performance management is beneficial for both organisation and employee. With a strategic management of performance an organisation has the ability to increase their profits, increase the trust in public, understand the paths to develop and accomplish the best human capital in the industry. Performance Management will also increase the teamwork, positive work environment and quality of the services perform. The whole process is a great way to identify and groom potential leaders when considering the future of the organisation. This also aids to enhance the training and development needs of each and every employee from the data collected by evaluation process. A strategic training and development program might help organisations to build up a much more confident, skilled, effective employees. Even though the process’s short term goal is to identify the employee achievements, it also gives an idea about achievability and accuracy of the goals given and helps to ...

  An effective performance management has several  significant  components.  According to  Public Health Foundation (1970) , "performance criterions and measures are aiding the organisations to understand and enhance their objectives and improve their practices". Performance planning is the first and the important one which start from the objective setting. The process of reviewing needs live participation of both employer and employee which assist to identify flaws in the employee’s performance and understand how to overcome the issues if prevails. A personal counselling session followed after the feedback on the individual performances of employees will be fruitful for their growth. The employees also can get an awareness regarding their position, growth, areas that are in need of improvement, and what the organisation is actually expecting from them. For the process to be effective, proper guidance, counselling, mentoring should occur and ...

  Boswell and Boudreau (2000)   mentioned that there are clear distinctions between two types of objectives in an effective appraisal system, which are Evaluative and Developmental . Evaluative functions include, ·        salary administrations ·        promotion decisions  ·        retention/termination decisions ·        recognition of individual performance ·        identification of poor performance    Developmental functions include, ·        the identification of individual training needs ·        providing performance feedback ·        determining transfers and attachment s ·        identification of individual strengths and weaknesses.  The mai...