Performance Management System

Topics: Strategic management, Human resources, Organization Pages: 5 (1688 words) Published: October 22, 2012
1. Performance management on the benefits of a company or organization. 2. Examples and behavior of Performance management.
3. Performance Management Systems
4. Human Capital and Strategic Planning
5. Recommendations

Performance management on the benefits of a company or organization.

Successful organizations know that to win in today’s competitive marketplace they must attract, develop, and retain a talented and productive staff. Winning organizations get their competitive edge from a performance management system that communicates the organization’s vision and values, aligns individual and team performance goals with the organization’s strategic objectives, outlines career development paths for each team member, and provides ongoing feedback for staff development. We will guide you through the development of your Competency Based Performance Management System, customizing the program to reflect the unique needs of your organization. A Senior Consultant will work with your leadership team to develop a model that will maximize employee input, buy-in and utilization of the new review process. Performance management system training is a process that uses your employees to their full potential, developing the talents of the existing workforce as a cost-effective way to increase the bottom line. These systematic training programs ensure the goals of your company are consistently met by each individual employee. Performance management helps evaluate each employee to see if he is in the right position, and a continued training program develops his skills to their highest level. Having a common goal among employees and management is what makes a company successful. Performance management system training teaches and develops these common goals. When you train your employees effectively, they know what is expected of them and need less monitoring. Employee morale is boosted when each employee feels she is adequately qualified for her job position. Positive morale has proven to increase productivity, which ultimately means higher profits for the business. Performance management includes employee appraisals as a necessary first step. Discerning how your employees currently perform helps you determine how you would like them to perform. You can then set the goals necessary to bridge that gap. You will create a checklist of what you want to assess in each employee, establish a deadline for completing the appraisals and determine how you will go about the evaluation. Performance management is all about motivating employees to do better, so these appraisals are an opportunity for supervisor and staff to mutually agree on goals that will help them succeed. Examples and behavior of Performance management.

A management system is the framework of processes and procedures used to ensure that an organization can fulfill all tasks required to achieve its objectives. For instance, an environmental management system enables organizations to improve their environmental performance through a process of continuous improvement. An oversimplification is "Plan, Do, Check, Act". A more complete system would include accountability (an assignment of personal responsibility) and a schedule for activities to be completed, as well as auditing tools to implement corrective actions in addition to scheduled activities, creating an upward spiral of continuous improvement. Also as in the aforementioned management system, an occupational health and safety management system enables an organization to control its occupational health and safety risks and to improve its performance by means of continuous improvement. A management system is a proven framework for managing and continually improving your organization's policies, procedures and processes. The best businesses work as complete units with a shared vision. This may encompass information sharing, benchmarking, team working and working to the highest quality and...
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