Principles of Performance Management
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
Clear goals and
objectives
Reputed organizations always give their direction towards the different
goals and objectives and their focusing is always for the achievement of set goals
and objectives. Organizational long-term goals and objectives are strategic
goals such as vision & mission and the short-term goals are limited for each
financial year achievements and under these employees are provided individual
goals and objectives within a defined period to drive the organization towards
the achievement of long-term goals and objectives. With the clear goals and
objectives, organizations can clearly evaluate each employee performance to manage
the performance management tactics well
Providing ongoing
and regular feedback
Successful managers frequently collaborate with their subordinates providing ongoing and regular feedbacks regarding their performance, following this, managers directly appreciate for all the positive things of the employees and advise for all the misbehaviors to keep their subordinates in the correct track. When providing regular feedbacks, organizations can effectively manage the organizational performances minimizing all the possible problems and errors.
Following few methods for the performance management
Performance management cannot effectively do with one KPI because this
is a broader concept and need to evaluate the performances setting various
types of KPIs as the employees have different types of skills and when giving
the focus for broader factors that is an effective factor to mitigate the blind
spots within the performance management
Ø
Following this strategy leaders are motivating the employees to seek the opportunities in the market and utilize them to increase their performance level rather than guiding them as parent – child dynamic. With this strategy, employees are having the opportunities to increase their skills learning from the market and each other rather than depending on the leaders always.
Under the performance management concept, recognitions and the rewards
are most important elements because the most performing employees must need
recognize and requires to provide the different rewards based on the
performance to increase their further involvements towards the organization and
for the achievement of goals and objectives continues manner. As the
recognitions and rewards, employees are needed to provide incentives, bonuses,
promotions, salary increments and other different perks
When following the effective performance management principles, organizations must need to immediately address regarding the poor performance related things without wait until the end of the finance year, when following these types of tactics organizations effectively can drive them towards the achievement of goals and objectives.
Conclusion
Above analysis shows performance management is a broader concept and highly important for the organizations to following in order to keep their performances well, to become success under the performance management, organizations must need to follow most of the important principle of the performance management under the different strategic directions.
Works Cited
Megan, 2023. Performance
management. [Online]
Available at: https://wethrive.net/performance-management/10-principles-performance/
[Accessed 5 December 2023].
Sreyashi, 2022. Performance management. [Online]
Available at: https://www.peoplebox.ai/blog/principles-of-performance-management/
[Accessed 5 December 2023].
Ameen, 2021. PM. [Online]
Available at: https://www.pockethrms.com/blog/top-principles-of-performance-management/
[Accessed 5 December 2023].
Robert, 2023. PR. [Online]
Available at: https://www.openhrms.com/blog/top-9-principles-of-performance-management/
[Accessed 5 December 2023].
Given that it emphasizes important areas of performance management, the article makes sense. Various approaches accommodate varying skill levels, continuous feedback reduces problems, and well-defined objectives aid in employee evaluation. Employee motivation is increased by performance recognition and rewards, which also promotes continuous learning. Resolving problems quickly guarantees efficient performance management, which fosters organizational success.
ReplyDeleteThanks for your insights Oshada.
DeletePerformance management is essential for organizations to meet goals and objectives. I agree with your performance management principles. However, Aravinda most important thing should be training and development. Without training and development, it is impossible to achieve those goals. Do you agree with me? Training and development is important for employees to succeed in their roles, increase productivity, and improve performance. Training and development also help employers identify high potential employees, provide a succession plan for them, and ultimately help organizations stay in the competitive market.
ReplyDeleteYes you are absolutely correct Mahesh. I missed that crucial part in the post. thanks for adding.
DeleteGreat post. A good performance management system should not only evaluate past performance but also must guide and inspire employees toward ongoing improvement and success.
ReplyDeleteGood Article, A well-designed Performance management system helps employees to develop their career advancement by setting clear, achievable goals, offering regular feedback and coaching. It also helps celebrating milestones along the way.
ReplyDeleteResearch shows that only 41% of employees are generally performing, underscoring the importance of effective performance management for organizational success. Setting clear goals and objectives, giving regular feedback, using a variety of assessment techniques, encouraging a culture of continuous learning, identifying and rewarding based on performance, and quickly resolving performance issues are all important concepts. Following these guidelines makes it possible for businesses to assess and improve worker performance, which promotes sustainability and long-term growth.
ReplyDelete