Performance Management

            December-05, 2021

              Asiri Liyanage









           Figure 1: Source (Vulpen, 2021). 


Performance Management is the second basic concept relating to human resources management.  The main function of this theory is to improve the fundamental and most important factors of an organization.  It assists employees of an organization to become efficient and productive becoming their best selves.

“Usually, employees have a defined set of responsibilities that they need to take care of. Performance management is a structure that enables employees to get feedback on their performance – to reach their best performance” (Vullpen, 2021). 

According to the above explanation, it is clear that this is a mechanism that helps employees to evaluate themselves in terms of their performance. In order to get feedback on their performance, different tools and instruments are involved.

 

360 Degree Feedback

360 Degree Feedback is a tool that helps to evaluate employee performance in the organizations by HR- Professionals.

“360 Degree Feedback is a system or process in which employees receive confidential, anonymous feedback from the people who work around them. This typically includes the employee's manager, peers, and direct reports” (Insight, 2021).

This is a highly effective tool since it helps to understand employees on how their performance is perceived by their co-workers, supervisors, and top management.  The effectiveness depends upon keeping the anonymous state of the commenters.  This helps to give them their honest views of the employees unless otherwise, they would not give their honest reviews on the employee. This tool helps employees evaluate themselves on their performance and help them identify their strengths and weaknesses which lead to improving their performances which in return improves the productivity of the respective organizations.


Project Performance Management Cycle

“Usually, companies work with an annual performance management cycle, which involves planning, monitoring, reviewing, and rewarding employee performance” (Vullpen, 2021). Performance Management Cycle helps management or the employees to differentiate low performers from high performers of any organization.

 


                  Figure 2: source (free-management-ebooks, 2017)

 

“A performance management cycle is a continuous improvement process for planning, checking, and measuring employee performance. It works in a way that meets the overall goal of performance management: aligning the success of employees with the success of an organization” (fourvision, 2021). According to the above definition, a performance management cycle comes in handy to evaluate the performance of the employees, assess their performance, and keep tracking them. Further, this helps to keep employee motivation high as they are made frequently to think about their goals. Other than that, in case the performance of the employees is lacking in them, this process is useful to provide them with necessary support and moreover, this helps to identify employees with low performance and replace them with potential employees.



Bibliography

Fourvision. (2021, 05 04). The Importance of Performance Management. Retrieved 12 05, 2021, from Fourvision: https://www.fourvision.com/knowledge-item/the-importance-of-performance-management/

free-management-eBooks. (2017, 1 07). Project Life Cycle Definition. Retrieved 12, 05., 2021,, from free-management-eBooks: http://www.free-management-ebooks.com/faqpm/principles-08.htm

Insight, C. (2021). What is 360 Degree Feedback? Retrieved 12 05, 2021, from Custom Insight: https://www.custominsight.com/360-degree-feedback/what-is-360-degree-feedback.asp

Vulpen, E. V. (2021). 7 Human Resource Management Basics Every HR Professional Should Know. Retrieved 12, 05, 2021, from AIHR: https://www.aihr.com/blog/human-resource-basics/#PerformanceManagement

 

 

Comments

  1. E127918December 16, 2021 at 10:53 AM

    Many people immediately think of the annu­al per­for­mance review process when they think of performance management. However, performance appraisal is only one part of what is referred to as performance management. As explained in this article, continuous development through feedbacks and using Project Performance Management Cycles will support the company to grow faster.

    ReplyDelete
  2. HareenthDecember 17, 2021 at 3:44 AM

    Just like other fields performance should be followed and given proper rewards to their work. Rewards definitely increases the performance in the other hand.

    ReplyDelete
  3. Manoj ThudawahewaDecember 17, 2021 at 11:00 AM

    In evident to the article of Kandula (2006) the key to good performance is a strong culture. As explained by this article performance management is very important to manage, drive and motivate to employees to perform.

    ReplyDelete
  4. Imashi DayaratnaDecember 17, 2021 at 7:03 PM

    Performance Management is important for continuous process of communicating and clarifying job responsibilities, priorities, performance expectations, and development planning that optimize an individual's performance and aligns with organizational strategic goals

    ReplyDelete
  5. Chularathna2021MBADecember 17, 2021 at 8:02 PM

    Performance management is a strategic strategy for enhancing and maintaining employee performance, resulting in increased company effectiveness.Managers may build a work climate that allows both individuals and firms to succeed by concentrating on employee development and aligning company goals with team and individual ambitions. An article that tries to express something good thank you.

    ReplyDelete
  6. UnknownDecember 18, 2021 at 2:08 AM

    Performance management is the most important part of an organisation to understand the skills of the employees to develop them to next level. Success of the company is to monitor the performance and promote suitable employees to the next level.
    Priyankara.

    ReplyDelete
  7. amila MBA HR blogsDecember 18, 2021 at 2:14 AM

    Related tropic very important for the company growth and retention of the employees.
    spicily this kind of uncertain situation very important for the organization . good effort

    ReplyDelete

Post a Comment

Popular posts from this blog

Image
                              The ethical role of HR December-17, 2021  Asiri Liyanage                        Legge commented that “In very general terms I would suggest that the experience of HRM is more likely to be viewed positively if its underlying principles are ethical” (Legge, 1998 as cited in Armstrong, 2014). Kochan (2007: 600) suggested that: “HR derives its social legitimacy from its ability to serve as an effective steward of a social contract in employment relationships capable of balancing and integrating the interests and needs of employers, employees and the society in which these relationships are embedded” (Kochan, 2007 as cited in Armstrong, 2014). Ensuring that all the needs of both employer and employees and the needs of the community in which these relationships are rooted are fufille...
Read more
Image
  The Importance of Workforce Development December-17, 2021  Asiri Liyanage Workforce development programs can benefit your company whether your staff work on a manufacturing floor, at the request of medical patients, at their home offices, or behind the counter of a coffee shop. Workforce development is a win-win situation: it helps firms scale, profit, and prosper while also supporting employee career development, productivity, and success   (Wool, 2021) . Many companies are hesitant to devote significant resources to training and development since it is thought that it is an unnecessary burden in terms of cost. Organizations of all sizes should implement training strategies and structures that evolve over time and provide a competitive edge, even if there is no guarantee of a return on investment. Investing in the training and development of entry-level personnel is becoming more popular, as their roles are the easiest to fill as the trainee progresses up the corpo...
Read more
Image
  Corporate Social Responsibility                     December-17, 2021                         Asiri Liyanage What is Corporate Social Responsibility? “Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic, environmental and social imperatives”   (UNIDO, 2021) . According to the United Nations Industrial Development Organization, Corporate Social Responsibility is referred to as managing the company’s business processes to make a positive impact on the society.     Sustainability entails addressing our own demands without jeopardizing future generati...
Read more