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Modern trends of Performance Management

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  Modern trends of Performance Management The changing nature of the business world has altered the traditional ways of doing every function in an organization. Performance management is a major main Human Resource (HR) function that has been changed to ensure the success of an organization in meeting business goals effectively. It is a methodical procedure that enhances an organization's overall performance by enhancing individual performance within a team environment. By outlining expectations, defining duties within a necessary competency framework, and setting attainable benchmarks, it is a tool for encouraging higher performance (Sujith, 2017). As performance management is a future-oriented function, the application of past and present business dynamics will not bring success to the business. Performance management is a broader concept and complicated concept which is a prerequisite for implementation for corporate strategies (Sujith, 2017). The following are some contempo...
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Issues with Performance Management process

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  Issues with Performance Management process Organizations make various types of issues under the performance management and some of these issues are major challenges to reach towards the organizational achievements and this shows organizations always must need to monitor and evaluate the performance management systems to minimize all he possible adverse effects. Performance management directly impact towards the organizational profitability, productivity, and engagement and this shows the importance of the performance management and based on these organizations must need to give their attention towards the below areas (Staffcircle, 2022) Goal setting Organizations make some of the major issues under the goal setting and the goal setting is the highest important factor to reach for the achievements and to identify the organization as performing. Some organizations set the over goals and these goals are not achievable when evaluating the market situation and the potential in the ind...
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Reward & Recognition in Performance Management

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  Reward & Recognition in Performance Management In previous posts we were talking about theories, principles and how PM is being practiced. With this article we are to discuss about the reward and recognition with the measurement of employee performance (Shawn 2023) In any context, Once the set targets or workload achieved employees tend to expect something in return that is beyond salaries. This is typically human nature. Any HR division or employer needs to understand it. And on the other hand in order to make sure set goals are achieved employers also issue some attractive approaches towards employees. That means rewarding and recognition shows benefits to both parties. (Bayashi 2022) What is reward and recognition? This is a system where people are acknowledged for their performance. In both reward and recognition there are some similarities as well as differences. Key similarity of two approaches is their aimed purpose. (Rober 2021) Reward is generally fixed and can b...
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Leaders’ role in Performance Management

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  Leaders’ role in Performance Management Any organization in the world cannot practice the performance management without a proper leadership because someone must need to give leadership, guidance, motivation, and different coordination to implement the performance management practices effective manner. Through the performance management, organizations involve to leader the employees towards the achievements, continues growth opportunities, provide the rewards and recognition for the achievers, segregate the employees for different categories to develop new leaders, motivate the poor performers under the identification of the prevailing barriers towards the achievements and other, all these factors are required to manage by a leader with various types of leadership traits (Megan, 2023) Leadership needs to focus on the team Leaders main focus should be given towards the employees because the leaders responsibility is guiding the employees towards the achievements and requires eva...
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Principles of Performance Management

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  Principles of Performance Management According to the industry research, that identified only 41% employees are generally performing and the organizational focus is to increase this percentage because the employees’ performances directly impact towards the growth and sustainability of the organizations. Performance management is one of the critical areas towards the success of the organizations and the well reputed organizations always follows different criteria and principles to manage the performances of the employees and some organizations always struggles to survive under the poor focusing on the performance management strategies (Megan, 2023) . Below identifies how the performance principles are implemented within the organizational environments and how these principles are increasing the performances towards the growth and long-term sustainability of the organizations, through the performance management principles, organizations directly involve to give directions, increa...
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The Relationship between Ethics & Performance Management

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  The Relationship between Ethics & Performance Management Principles or morals are perceived as the HR ethics and these ethics are highly important towards the organizations in any industry to control their workforce towards the achievement of goals and objectives of the organizations. Different HR ethics directly impact towards the corporate reputations of the firms because the corporate reputation is started from the corporate personality (culture + strategy) and the personality is shown through the identities and all these factors are seen according to the different images of the employees. Under the HR ethics, HR managers always ensure to eradicate all the possible discriminations would happen within the employees and the main focusing is given to treat all the employees same manner without giving any preferences towards the employees skin color, cast, culture, religion, nationality, appearance and other, when these factors are followed well employees become motivated to...
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HR Trends in Post Pandemic Era fueled by Technology & Millennial work force

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  Three years after a new decade, the entire business environment highly changed due to the impacts of the Covid 19 pandemic, emerging technologies and the millennials debut for the jobs after their school and higher studies. With the impacts of the pandemic, organizations started different HR practices to manage their employees towards the job roles maintaining the social distances and still some of those former practices are following due to the easiness of those and with the prevailed cost effectiveness. Between the millennials and the emerging technology has a strong relationship because the millennials are rapidly adapting with the emerging technologies due to the prevailing fast and easiness and this shows how all these factors are impacting towards the HR practices and how the organizations give up the traditional practices replacing these new trends (Amit, 2023) Hybrid work model (Working from any remote area and the offices)   Hybrid working culture mainly started wit...
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