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.
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?
The employees and their performance managers will be given an outline by performance management in order to evaluate and reach an agreement regarding some aims and concerns that are related to the company’s overall structure. 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?
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.
This article will provide you with the different processes involved in performance management.
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 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.
The importance of a strategic plan.
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.
The following 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.