There are now a lot of companies that are incorporating performance management as their strategy for effective management that is why there is now a great significance given to it. 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.
First you need to know what 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 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 can handle 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 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.
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 – this is why the department or company is established.
Goals – are connected with the mission statement, will provide the result for the advancement of the statements.