A Performance Management Guide
There is now a great significance given to performance management because it is being used as an effective management strategy by a lot of companies. But there are now a lot of people that find this as a complicated process most of the time because it offers a lot of options on the business, a product or service, employees, and a specific department or branch.
In order to eliminate this confusion, this article will provide you with an idea on what a performance management is all about including all the other activities that will come with the process.
First you need to know what performance management is.
Performance management is a process that will give the employee and the manager of the company a chance to look into the shared goals that are connected with all the goals of the company by looking into the performance of the employee.
What is the importance of performance management?
Performance management will create an outline for the employees and their performance managers to evaluate and will reach an agreement about certain aims and concerns that are related to the overall goals of the company. Performance management will allow both of them to have a much clear objective that will be important for their work and professional growth.
Who can handle performance management?
Performance management is conducted by those people who will manage the performance of other people like the team or work leaders, managers, supervisors, department heads, or directors.
The processes that will come with performance management.
This article will provide you with the different processes involved in performance management.
1. Planning – this performance management process would include identifying the important functions of the employees and creating job descriptions as well as being aware on the different strategic plans of the company or the whole department.
What is a job description?
A job description is a promotion for a vacant position in a company or department that specifies who is in charge of the position; the amount of time that is required to act on each function; the specific task, responsibilities, and functions of the position; the mental and physical requirements of the position, the salary range for the vacant position, and the needed qualifications to perform the job.
Why is a strategic plan important?
A strategic plan normally provides three things: where will the company be heading in the years to come, what would the company do in order to get there, and how will it know that it already reached the place or not.
A strategic plan would include the following.
Mission statement – this is why the department or company is established.
Goals – these will show the results for the advancement of the statements.