Importance of employee performance management - Essay Example

Comments (0) Cite this document
Summary
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 full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.1% of users find it useful
Importance of employee performance management
Read TextPreview

Extract of sample
"Importance of employee performance management"

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
  • APA
  • MLA
  • CHICAGO
(“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)
https://studentshare.org/human-resources/1481377-importance-of-employee-performance-management.
“Importance of Employee Performance Management Essay”, n.d. https://studentshare.org/human-resources/1481377-importance-of-employee-performance-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Performance Appraisal and Employee Performance
...? Performance Appraisal and Employee Performance Contents I. Executive Summary……………………………………………………………… 5 Introduction………………………………………………………………………. 6 1.1. Importance of an employee in an organization………………………….. 6 1.2. Evolution of Performance Management…………………………………. 6 1.3. Brief introduction to Performance Appraisal System……………………. 7 1.4. Why Performance Appraisal System sometimes fails……………………. 7 1.5. Alternatives to Performance Appraisal System………………………… 9 1.6. Layout of dissertation…………………………………………………… 9 2. Literature and Theory Review…………………………………………………… 11 2.1...
47 Pages(11750 words)Dissertation
Building Performance Management through Employee Participation
...Performance Management Performance management systems, which are both communication tools and evaluative processes, are used systematically and periodically to manage and align an organization's resources so as to get the highest attainable results in the employeesperformance (Muchinsky 6). The performance management process, including its performance measurement, goal setting, and performance feedback and employee recognition helps the employees understand how their jobs and contributions form part the organization’s...
3 Pages(750 words)Essay
Building Performance Management through Employee Participation
...? Topic: Lecturer: Presentation: Performance Management Though Employee Participation Performance management refers to “the activities designed to ensure the organization gets the performance it needs from employees” (Mathis and Jackson 320). The human resources are considered as the most essential assets in contemporary organizations since properly managed, they are a source of sustained competitive advantage. They can also make or break an organization depending on the way they are handled or the relationship that exists between employer and employees. To ensure the employees are motivated and committed to achieving organizational goals and consequently success or effectiveness, performance management is crucial. Most people use... the...
3 Pages(750 words)Essay
Importance of employee performance management in retail Industry
...?INTRODUCTION In the era of global competition, organizations are more inclined towards the creation of high performance work culture which would significantly help in the attainment of organizational goals and objectives. To effectively support the performance work culture, it has been incorporated by retail organizations in business and strategic strategies (Armstrong, 2007; Boxal and Purcell, 2008; Fletcher and Williams, 1996). 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...
17 Pages(4250 words)Essay
Performance Appraisal, Diversity Management, And Employee Participation
...Performance Appraisal, Diversity Management, And Employee Participation Introduction Mankind and human civilizations have both been evolved over the period of time. The overall pattern of the evolution is ascending. It means that there has been a gradual advancement in the human society, ever since it came into being. The advancement in science and technology, on one hand, is making our society a knowledge society and making the world a global village where physical boundaries are disappearing and more and more societies and culture are interaction. This interaction has resulted in a transfer of knowledge and various ways of working from different societies, which were adopted to make our existing processes better. This search... for the...
6 Pages(1500 words)Essay
Performance Management and Employee Relations
.... 5. Best Practice appraisal and performance management techniques The best practice appraisal and performance management techniques applied in the UK: Involves an ongoing procedure of goal-setting, planning, feedback and performance reassessment Is an series of discussions between employee and supervisor rather than an yearly event Concentrates on the future rather than the past Stresses on improving employee performance and career progression rather than employees' errors Is deployed as a tool to develop trust, communication and supervisor/employee relationships at every level organization Performance Appraisal Best Practices UK Companies with world-class performance evaluation systems usually engage... in the...
9 Pages(2250 words)Essay
Employee Performance
...EMPLOYEE PERFORMANCE MANAGEMENT In today's volatile environment, an organization's employees are considered as one of the most important assets that the company possesses. The human resource existing in an organization is so important that specific departments are now established in all multinationals and organizations across the world to facilitate the flow of proper human resource in the organization. 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...
12 Pages(3000 words)Essay
Building Performance Management through Employee Participation
...Building Performance Management through Employee Participation Discuss how this case illustrates how greater support for a performance management system can be developed through employee participation The case of JIM company seems to explain the reason as to why employee participation can help in developing a performance management system. This kind of system is established in companies or work places to help in ensuring quality service delivery from all sectors or departments of the company (Rao, 16). The kind of rules or policies accompanying this kins of the system determines...
2 Pages(500 words)Essay
DB1 PERFORMANCE MANAGEMENT AND EMPLOYEE SERVICES
...DB1 Performance Management and Employee Services al Affiliation DB1 Performance Management and Employee Services Case Job Design Utilizing the theories of job design, such as job enlargement, job rotation, and job reengineering, please provide how you would improve an existing job of customer service professional at a leading credit card company. A customer service professional is expected to undertake basic responsibilities which include interacting with the organizations’ clientele to address inquiries, complaints, or provide needed information regarding the products or services being offered (Writing, 2014). To improve an existing job...
1 Pages(250 words)Research Paper
Employee rewards and performance management
...The materials provided to facilitate units 7 and 8 are quite resourceful. Both the reading and audio are very educational in a professional level. The materials provided the required information to enable us have a broader perspective not only about performance management, but also a wide range of internal and external aspects that have a significant impact on this system. In additional to the importance highlighted above, the reward system serves to make the work group more coherent in the organization. As such, the reward system works to motivate the employees. Still, the reward system has been credited for high rate of worker’s retention in companies that have...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Importance of employee performance management for FREE!
Contact Us