Preview

PERFORMANCE MANAGEMENT SYSTEM

Powerful Essays
Open Document
Open Document
2087 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
PERFORMANCE MANAGEMENT SYSTEM
PERFORMANCE MANAGEMENT SYSTEM:
Performance management system is used by the organization to drive behaviors from the employees to get specific outcome. Performance management began around 60 years back.
“Employee performance Management is a process for establishing a shared workforce understanding about what is to be achieved at an organization level. It is about aligning the organizational objective with the employees’ agreed measures, skills, competency requirements, development plans and the delivery of results.”
(What is Employee performance Management? : People stream Human Capital Management, 2013)
Performance Management is the word is use to describe the process set by the organization for the employees to make them aware about the level of performance expectation from them regarding their role and the individual as well as the overall organization objectives.
(Performnace Management: Human Resource Institute of NZ, 2015)
PERFORMANCE MANAGEMENT SYSTEM OF EXTERNAL BUSINESS:
External Business: Apple Inc.
About Apple Inc.: The Apple was established in the year 1967. The founder of the Apple inc. is Steve jobs, Steve Wozniak and Ronald Wayne. Apple has built its unique brand image in electronics field. Apple is an American Corporation which manufactures the computer hardware, Software and other electronics devices for the consumer. The headquarters of the company is located in Cupertino, California. The CEO and co- founder of the Apple Steve Jobs boasts 284 retail locations spanning 10 different countries of the world. (Dougherty, 2010)
Performance Management system:
Performance Management helps the organization planning, measuring, monitoring and enhancing the performance on the different levels i.e. departmental, procedural, workforce, system or financial in order make the organization successful. In current scenario lot of companies in regardless of size, have performance management system sets in place. A good plan of performance management will lead to

You May Also Find These Documents Helpful

  • Powerful Essays

    Unit 16 P5 M3 D2

    • 2841 Words
    • 9 Pages

    Performance management is essentially about creating a strong communication with the people around you in your working environment. It helps a manager monitor and assess how well their employees are developing and if they are reaching their goals and targets set. Through this process, a business is able to state from the correlation between good performance management and the success of the organization through their objectives.…

    • 2841 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Performance Management is a process for establishing a shared understanding about what is to be achieved and how it is to be achieved. It is an approach to managing people that increases the probability of achieving success. In regards to the definition, Chick-Fil-A has a consistent and calibrated performance management process. They have been focusing on how to develop enough leaders, fast enough to create healthy growth. Leadership is the main part of the company’s success formula. They have a do-it-yourself leadership development culture.…

    • 765 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    charpter 8

    • 328 Words
    • 2 Pages

    Performance management is part of Scripps’ annual planning, business strategy, financial and operations processes through collaboration between HR, finance, strategic planning, and operations departments. The performance management process is aligned for all employees in the organization including board and senior executive management and staff employees. Also, the performance management process encourages managers and employees to work together in evaluating performance, setting measureable goals, identifying areas for performance improvement, and recognizing excellent performance.…

    • 328 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Tapinroete Agri Essay

    • 309 Words
    • 2 Pages

    Performance management is a systematic process that involves the employees as a group and individual that improves the effectiveness of the organisation in accomplishing the mission, vision and goals of the organisation (MSG experts, 2013).…

    • 309 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    “Organizations establish performance management systems to meet three extensive bases: strategic, administrative, and developmental purposes” (Noe, Hollenbeck, Gerhart, & Wright, 2011, p. 226). The use of performance management systems in organizations allows them to keep the staff that is more productive, close-out on…

    • 512 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Performance management is an integral part of an organization. The ability to effectively and efficiently manage employee performances plays a vital role in the company’s overall success. Employers must strategically incorporate a performance management system that will engage and develop their employees and assist them in reaching goals that align with their organization’s objectives. It will be imperative that a new business invests the time and resources in implementing a performance management system within their company.…

    • 1088 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    When looking at performance management it can be defined as (1) ‘a process which contributes to effective management of individuals and teams in order to achieve high levels of organisational performance. As such it establishes shared understanding about what is to be achieved and an approach to leading and developing people which will ensure it is achieved.’ We can see from this definition that managing performance is crucial to the overall performance of the organisation and meeting its goals and objectives. This process must then be strategic but also link other aspects of the organisation such as individuals and teams. As defined above, performance management is ultimately about achieving high levels of organisational performance. As managers we must use performance management as a continuous process that aims to improve & develop the individuals in our team. MITIE uses the below diagram to illustrate that the process is continuous. (2)…

    • 1865 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Rien Du Tput

    • 1951 Words
    • 8 Pages

    1. Performance management is an organization wide system whereby managers integrate the activities of goal setting, monitoring and evaluating, providing feedback and coaching, and rewarding employees on a continuous basis.…

    • 1951 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Performance management is part o Lean Manufacturing, and even though your company does not belong to manufacturing, we can implement it and get good results. Performance Management is about letting you employees know the health of the company and taking the appropriate actions to prevent a decrease in performance, efficiency, high costs, etc.…

    • 904 Words
    • 3 Pages
    Better Essays
  • Good Essays

    Performance Management is a process aimed at improving performance in an effective and efficient manner. It involves following principles that ensure individuals or teams they manage:…

    • 964 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Performance management is said to be a process that is integrated in defining, assessing, and reinforcing the work of the employee work style and their outcomes. Organizations having a well-developed performance management process that often outperform the element of an organization design. Performance management also includes practices and methods for setting up of goals, performance appraisal, and reward systems. These practices thus influence the performance of individuals and their work groups.…

    • 519 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Performance management is a process by which managers and employees work together to plan, monitor and review an employee's work objectives and overall contribution to the organization.…

    • 235 Words
    • 1 Page
    Satisfactory Essays
  • Best Essays

    Performance management is important in a business. It will be in Ms. Luther’s best interest if she uses this performance management plan as management tool to help improve the strategic decisions people make everyday. A performance management plan is basically a set of different management approaches that allow businesses to define and execute their strategy while measuring and monitoring the performance of the employees. A performance management plan will help management in making strategic decisions, measuring performance, and reporting and reviewing performance. The employees should be provided with the proper training and education to be able to accomplish the job that is required of them.…

    • 1795 Words
    • 6 Pages
    Best Essays
  • Satisfactory Essays

    Case Study Ch 8

    • 411 Words
    • 2 Pages

    A performance management system acts as a sort of template for organizational goals, and it can be modified fairly easily based on changing goals, conditions and variables…

    • 411 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    3prm

    • 2931 Words
    • 11 Pages

    Performance Management is a process that brings together many people management practices including learning and development. It is a process which contributes to the effective management of individuals and teams in order to achieve improved levels of individual and organisational performance 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…

    • 2931 Words
    • 11 Pages
    Powerful Essays

Related Topics