The Importance of Employee Performance Management Introduction Performance management is one of the key drivers of success in business in the contemporary age. This is the reason why organizations all over the world are spending a lot of money in establishing an effective performance management system…
Download file to see previous pages...
72). “Given the current challenges of the economic climate and high rates of unemployment, performance management and employee evaluation is likely to remain a hot topic” (Gliddon, 2004 cited in Newman, 2008, p. 172). In simple words, performance management of employees is a process of getting the most out of employees. In order to achieve this, organizations need to work on a range of factors that include but are not limited to employees’ motivation, continued learning, skill improvement, allocation of right jobs to the right people, fostering teamwork, and providing the employees with an environment where they can thrive with their capabilities. Performance management has probably never been as important in the organizational context as it is today since the workplace is more dynamic than ever before with new kinds of technology surfacing and being integrated into the work setup so frequently. Managers in the contemporary age not only face the challenge of keeping updated with the latest advancements of technology and integrating them into the workplace, but they also have to take the required measures to enable the employees to make effective use of those technologies. This makes it a continuous process with great margin of trial and error, requiring great knowledge and experience to handle the intricate issues with respect to performance management. “If you are a manager, the progress principle holds clear implications for where to focus your efforts. It suggests that you have more influence than you may realize over employees’ well-being, motivation, and creative output. Knowing what serves to catalyze and nourish progress—and what does the opposite—turns out to be the key to effectively managing people and their work” (Amabile and Kramer, 2011). Discussion Why is performance management important? Performance management of employees in an organization derives its importance from the fact that it is a way to reinforce the decisions related to organizational personnel like those related to transfer, promotion, compensation and reward, training and skill development, planning of human resources, and development of the organization as a whole (Bhattacharyya, 2011, p. 58). The level to which each of these factors is considered important may vary from one organization to another but all of these factors govern the performance of employees in any organization. Besides the primary importance of the different factors in different organizations, performance management strengthens the relationship between the management and the subordinates, and improves motivation and flow of communication in the organization, thus improving its overall performance. From the perspective of human capital, performance management plays a very important role in the development of the human capital of an organization (Smither and London, 2009). The importance of performance management of employees in the organizations is elaborated with the help of some case studies below: Case Study 1 One of the prime motivations behind conducting performance reviews is eradication of bad performers from the organization. This is a case in which performance management helped in the identification and weeding out of a bad leader. Usually organizations tell their managers to establish a paper trial to justify the termination of an employee that is deemed a poor performer. In such cases,
...Download file to see next pagesRead More
Cite this document
(“Importance of employee performance management Essay”, n.d.)
Retrieved from https://studentshare.org/human-resources/1481377-importance-of-employee-performance-management
(Importance of Employee Performance Management Essay)
“Importance of Employee Performance Management Essay”, n.d. https://studentshare.org/human-resources/1481377-importance-of-employee-performance-management.
With employees in several organisations complaining of flawed performance management systems lacking clear performance goals, honest feedback and unable to innovatively exploit the available technology, this essay explores the concept of Performance management in a profound and authoritative manner.
The recent attention in respect to the employee behaviour given by different business Medias to the process of harnessing of intellectual as well as social capital of different organisational members to gain competitive advantage underlines the growing significance of organizational citizenship behaviour (OCB) in order to achieve organizational success (Lapierre and Hackett, 2007, p.539).
he important functions executed in an organisation that formulates and implements policies regarding recruitment and functioning of the employees ensuring that appropriate talents are selected for the job assigned (Clark & Colling, 2003). In the modern day perspective, there are various tools utilised for the execution of the prime functions of HRM.
It is a wide, complex function, usually carried out by the human resource department, and it incorporates undertakings such as training for enhanced performance, execution of employee growth programs, combined goal setting and recurring communication. Consequently, performance management can be said to be a logical process by which the general performance of an organization can be enriched, starting from individual level to team level.
Employees of the organization play an essential role within the process of work i.e. performance management (Boxal and Purcell, 2008). Performance management has become an important aspect for organizations today. By evaluating the performances organizations are able to better understand and identify the areas of improvements.
According to the discussion that there are some collaborative techniques that employers use in order to evaluate employee performance and these techniques can be quite helpful in conducting performance appraisals as well. These techniques include management by objectives or MBO, work planning and review, peer review.
Presenting Problem Definition - Ensuring that employees execute their work responsibilities according to quality standards is challenging endeavor whose satisfaction could distract management from its own responsibilities. Yet, in the absence of a performance measurement system, quality of work suffers and customer dissatisfaction is the result.
Emphasis is paid on training and appraisals in order to motivate the employees so that they may be able to deliver the best to the organization. The world has now realized the importance of a satisfied and motivated employee at work and they no longer dwell in the historical practices of aristocracy in the organizations.
Also it has been stated by Camillus (1986: 9) that control has a “remedial” point of view and a “future-oriented” perspective. According to the remedial perspective, it concerns with correcting the wrong doings of others
However, there is a growing evidence pointing to the fact that extensive use of performance measurement may have negative effect and may lead to serious ‘dysfunctional behaviour’ (Smith, 1993; Austin and Gittel, 2002). The broad objective of this essay
9 Pages(2250 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Importance of employee performance management for FREE!