Rewards and Performance Management
Rewards and Performance Management
Assignment 1
Performance Management System in 3M
2013
Tresa Maria Joseph
F12058
7/5/2013
Rewards and Performance Management
Assignment 1
Performance Management System in 3M
2013
Tresa Maria Joseph
F12058
7/5/2013
Performance Management System
Introduction:
“A process for establishing a shared understanding about what is to be achieved and how it is to be achieved, and an approach to managing people that increases the probability of achieving success”- Weiss and Hartle (1997).
The performance management process is used to communicate organizational goals and objectives, reinforce individual accountability for meeting those goals, track and evaluate individual and organizational performance results. It reflects a partnership in which managers share responsibility for developing their employees in such a way that enables employees to make contributions to the organization. It is a clearly defined process for managing people that will result in success for both the individual and the organization. It is a process that brings together many people management practices including learning and development.
Performance management is about establishing a culture where individuals and teams take responsibility for continuous improvement of service delivery and of their own skills, behaviour and contributions. It is therefore a strategic process, long term in nature, aimed at the development of an appropriate culture linking people management, service issues and long term goals. It is not a once off quick fix process.
A Performance Management System includes the following actions:
* Developing clear job descriptions and employee performance plans which includes the key result areas (KRA) and performance indicators. * Selection of right set of people by implementing an appropriate selection process. * Negotiating requirements and performance standards for measuring the outcome and overall productivity against the predefined
Assignment 1
Performance Management System in 3M
2013
Tresa Maria Joseph
F12058
7/5/2013
Rewards and Performance Management
Assignment 1
Performance Management System in 3M
2013
Tresa Maria Joseph
F12058
7/5/2013
Performance Management System
Introduction:
“A process for establishing a shared understanding about what is to be achieved and how it is to be achieved, and an approach to managing people that increases the probability of achieving success”- Weiss and Hartle (1997).
The performance management process is used to communicate organizational goals and objectives, reinforce individual accountability for meeting those goals, track and evaluate individual and organizational performance results. It reflects a partnership in which managers share responsibility for developing their employees in such a way that enables employees to make contributions to the organization. It is a clearly defined process for managing people that will result in success for both the individual and the organization. It is a process that brings together many people management practices including learning and development.
Performance management is about establishing a culture where individuals and teams take responsibility for continuous improvement of service delivery and of their own skills, behaviour and contributions. It is therefore a strategic process, long term in nature, aimed at the development of an appropriate culture linking people management, service issues and long term goals. It is not a once off quick fix process.
A Performance Management System includes the following actions:
* Developing clear job descriptions and employee performance plans which includes the key result areas (KRA) and performance indicators. * Selection of right set of people by implementing an appropriate selection process. * Negotiating requirements and performance standards for measuring the outcome and overall productivity against the predefined
References: 1. http://www.managementstudyguide.com/performance-management.htm 2. http://bookboon.com/en/performance-management-ebook 3. http://www.ccl.org/leadership/pdf/research/Using360Feedback.pdf 4. http://en.wikipedia.org/wiki/360-degree_feedback 5. http://smallbusiness.chron.com/advantages-disadvantages-performance-appraisals-1901.html 6. http://thethrivingsmallbusiness.com/advantages-and-disadvantages-of-performance-appraisals/