Performance Management System
Performance Management System
Jack Ma, chairman of Alibaba Group stated that there is no teachers want their students to fail and they want their students to become the one of the best in future. That’s the characteristics of for all the teachers. Also, he said most of the business people are afraid of anyone will take over their place but he is the opposite. So when he found talented workers, he will train them to replace him as soon as possible. Furthermore, he likes to hiring, training, nurturing and motivating talents. (Xiao-Ping Chen, 2013)
Performance Management is a process of set up a shared workforce understanding on about what need to be achieved in an organization level. It is about aligning the objectives of an organization with the employees’ agreed measures, competency requirements, skills, development plans and the delivery of results. In order to achieve the overall business strategy and to create a high performance workforce, improvement, learning and development of employees act an important part in an organization.
There are three major purposes of Performance Management which is strategic purpose, administrative purpose and developmental purpose.
Strategic Purpose
Results and objectives of the organization link employee activities, behaviors, and characteristics of the development staff of measurement and feedback mechanisms
Administrative Purpose
Administrative decisions such as payroll management, promotion, retention, redundancy and recognition
Developmental Purpose
Develop employees who should be promoted – identifies deficient aspects of employees’ performance and the causes (Raymond, John, Barry, Patrick, 2014, pg.237)
Figure 1.1
Steps of Performance Management Process
Sources from: http://ihabsarieddine.com/wp-content/uploads/2013/05/PM-Model.jpg
Figure 1.1 shows the six steps of Performance Management Process. From Figure 1.1, feedback and formal performance evaluation played an important part in the process. Nevertheless, these are
Jack Ma, chairman of Alibaba Group stated that there is no teachers want their students to fail and they want their students to become the one of the best in future. That’s the characteristics of for all the teachers. Also, he said most of the business people are afraid of anyone will take over their place but he is the opposite. So when he found talented workers, he will train them to replace him as soon as possible. Furthermore, he likes to hiring, training, nurturing and motivating talents. (Xiao-Ping Chen, 2013)
Performance Management is a process of set up a shared workforce understanding on about what need to be achieved in an organization level. It is about aligning the objectives of an organization with the employees’ agreed measures, competency requirements, skills, development plans and the delivery of results. In order to achieve the overall business strategy and to create a high performance workforce, improvement, learning and development of employees act an important part in an organization.
There are three major purposes of Performance Management which is strategic purpose, administrative purpose and developmental purpose.
Strategic Purpose
Results and objectives of the organization link employee activities, behaviors, and characteristics of the development staff of measurement and feedback mechanisms
Administrative Purpose
Administrative decisions such as payroll management, promotion, retention, redundancy and recognition
Developmental Purpose
Develop employees who should be promoted – identifies deficient aspects of employees’ performance and the causes (Raymond, John, Barry, Patrick, 2014, pg.237)
Figure 1.1
Steps of Performance Management Process
Sources from: http://ihabsarieddine.com/wp-content/uploads/2013/05/PM-Model.jpg
Figure 1.1 shows the six steps of Performance Management Process. From Figure 1.1, feedback and formal performance evaluation played an important part in the process. Nevertheless, these are
Bibliography: Chen, X.P. (2013, August). Company Culture and Values Are the Lifelines of Alibaba. Retrieved February 27, 2015, from http://www.iacmr.org/V2/Publications/CMI/LP021101_EN.pdf What is Employee Performance Management? (n.d.). Retrieved February 27, 2015 from PeopleStreme http://www.peoplestreme.com/what-is-performance-management.shtml Raymond A. Noe, J. R. (2014). Fundamentals of Human Resource Management (Fifth ed.). Retrieved February 27, 2015