What Is The Purpose Of Performance Management?
This management method aims to improve performance through learning, always with the objective of achieving the company’s global business strategy. Therefore, Performance Management integrates a multiplicity of elements that contribute in parallel to the effectiveness of teams in companies, such as Performance Assessments and Individual Development Plans ( PDIs) .
So, this is often a scientific process which will be wont to get team members to realize their goals, improve their efficiency, and obtain better results while the corporate achieves its goals, including growth. In other words, it encompasses the greatest challenges of Human Resources.
Now that you know what it is, see the step-by-step guide on how to do Performance Management.
How To Do Performance Management?
To put Performance Management into practice, it is necessary to know the organization very well, the business model, strategies, objectives, goals, mission, vision and values and to have properly developed the planning competence.
As mentioned earlier, Performance Management happens in cycles. The duration of every stage of the cycle may depend upon the organizational culture of the corporate . But in general, the shorter the cycles, the better. Because there are more constant evaluations and formal feedback from employees.
However, feedback does not need to be restricted to the evaluation stage. HR can and should encourage a feedback culture even during the follow-up phase.