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.
That is why you should read this article because this will provide you with a better understanding on what a performance management is about including all the other things that come with the process.
You need to know first what a performance management is.
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 do you need a 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 can handle performance management?
Performance management is conducted by the department heads, team leaders, work leaders, directors, managers, supervisors, or those people that would look into the performance of other people.
The processes that will come with 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.
What is a job description?
A job description is something that is used to advertise an available position in a company or department that usually specifies the specific tasks, responsibilities and functions of the position; the amount of time that is required to act on the function; the mental and physical requirements of the position, the required qualifications to perform the job, the salary range for the position, and to the person that is in charge 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.
The following are included in a strategic plan.
Mission statement – this is the main reason why the company or department is existing.
Goals – these will show the results for the advancement of the statements.