There is a great significance given today to performance management since there are now a lot of companies that are using it for an effective management strategy. 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.
First you need to know what performance management is.
Performance management is a process that will give the manager as well as the employee a chance to look into the shared goals that is connected to the overall goals of the company by checking 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. Performance management will provide a clear objective to both of the parties that will be helpful for their professional growth and work.
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 phase of the process in performance management that would identify the essential functions of the employees and establish job descriptions as well as knowing the strategic plans of the whole company or the department.
What is a job description?
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.
What is a strategic plan?
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 – they are related to the mission statement, they are responsible for the results that will advance the mission statements.