Principles and Practices in Human Resource Management in Global Context

 06.Performance Management in Human Resource Management


  Figure 1 : Performance Management

6.1.Performance Management

Planning, monitoring, and enhancing an individual's, a team's, or an organization's performance is called performance management. This include setting performance objectives, tracking outcomes, giving constructive criticism, and overseeing the growth and improvement of performance. The goal of performance management is to maximize organizational objectives through productive and successful performance( Faozen, F. and Sandy, S. R. O. (2024).

6.2 Performance Management Objectives

An essential tool for achieving specified targets or goals is performance management. Target implementation and achievement can be carried out as efficiently as possible using this management. Superiors' feedback is used in performance management to assess worker performance( Faozen, F. and Sandy, S. R. O. (2024).

Increase productivity

Defining performance goals

Measuring performance

Providing Feedback

Performance development

Decision making

6.3 Performance Management Cycle

Figure 2 : The 4 stages of Performance Management Cycle - engagedly

6.4 Key Components Of Performance Management

Goal Setting

Performance Measurement and Evaluation

Feedback and Coaching

Development Planning

Performance Appraisal

Goal Setting

According to Pulakos, E.D. (2004), The development needs of employees should be in line with company objectives, and the performance management system should be used as a major tool to intervene on behalf of employees in order to achieve desired results through involvement, commitment, accomplishment, and motivation.

Performance Measurement and Evaluation

Evaluating the efficiency of performance management procedures is an essential component in making sure the system is operating correctly and benefits in the accomplishment of corporate objectives. Assessing how well employees are fulfilling expected performance standards and how much they are reaching established goals may be done with the help of the performance management process evaluation

Feedback and Coaching

Giving employees positive comments following a performance evaluation is essential. The employee's conduct, ambitions, and prospective development should be the primary focus of this feedback

Development Planning

Individual or team development plans are made based on the identification of development needs in order to enhance future performance and competences.

Performance Appraisal

Employee growth and accomplishments can be objectively assessed through periodic reviews of performance. Employees can identify areas for growth and create action plans to enhance their performance by gaining feedback that is helpful.

6.5 Disadvantages of a poor performance management system

According to Adobe Experience Cloud,2019 the disadvantages of the performance management system have mentioned below.

Employee get dissatisfied with their jobs.

Employee morale may decrease.

Legal Issues

Time Consuming matters



Conclusion

The process of organizing, managing, and enhancing an organization's overall performance as well as that of its members and teams is known as performance management. The principal aims are to enhance efficiency, provide defined performance targets, assess performance, offer constructive feedback, enhance performance, and encourage effective decision-making.

In order to accomplish corporate objectives, performance management is essential. Organizations may assess target achievement, identify challenges to achieving maximum efficiency, and give teams and individuals helpful feedback with efficient performance management.


References


Faozen, F. and Sandy, S. R. O. (2024) Performance Management: A new approach in performance management, IntechOpen eBooks. doi: 10.5772/intechopen.1002501.

Pulakos, E.D. (2004) Performance Management A Roadmap for Developing, Implementing and Evaluating Performance Management Systems. The SHRM Foundation, USA. - References - Scientific Research Publishing.[Online] 

Available at: https://www.scirp.org/reference/referencespapers?referenceid=2680098[Accessed 09 April 2024]

Adobe Experience Cloud (2019).Adobe Experience Cloud.[Online]

Available from : https://www.workfront.com/blog/the-disadvantages-of poor-performance-management

[Accessed 09 April 2024]




 




Comments

  1. Chethana LiyanageApril 16, 2024 at 11:02 AM

    This provides a detailed exploration of performance management in human resource management, covering its definition, objectives, key components, and potential disadvantages.

    ReplyDelete

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