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 so many people that find performance management as a complicated process mostly since it offers a lot of options on the product or services, a specific department or branch, the employees, and on the organization.
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.
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 are the people that handles 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 are involved in performance management.
Below are the processes that are included in performance management.
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.
Knowing what job description is.
A job description is used to promote a vacant position that will usually specify a certain function, task, and responsibilities of the position; the amount of time that is required to act upon each function; the mental and physical requirements of the position; the needed qualifications to perform the job; to the person who is in charge of the position, and the salary range of the position.
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 – 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.