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 so many people are finding performance management as a complicated process mostly because of the number of options that it offers on the employees, the organization, the product or services, and the specific branch or department.
So if you want to know more about what a performance management is about including all the other things that are included in the process, you should read this article.
You should understand the meaning of performance management first.
A performance management is a process that will provide the manager as well as the employee a chance to check on the shared goals that are relevant to the goals set by the company by looking into the performance of the employee.
Why is performance management important?
A performance management will provide an outline for the employees and the performance managers to evaluate and reach an agreement about certain aims and concerns that are connected with the company’s overall goals. This will allow both of them to have a clear objective that would be helpful for their work and overall professional growth.
Who are the people that handles performance management?
The people that will look into the performance of other people like the supervisors, directors, department chairs, managers, or team or work leaders are the ones that would carry out performance management.
What are the processes included in performance management?
You can find the different processes that are involved in performance management below.
1. Planning – this is a performance management process that would involve creating job descriptions and determining the essential functions of the employee as well as knowing the strategic plans of the company or the department.
The meaning of 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 will typically show you three things which are: the place where the company will be headed in the coming years, how the company will be getting there, and how will the company know if it already reached it or not.
Below are the things that are included in a strategic plan.
Mission statement – the reason why the company or department was created.
Goals – are connected with the mission statement, will provide the result for the advancement of the statements.