3.1 Benefits to company and employees after implementing Performance Management.
It is a huge significant …show more content…
Firstly, performance management mainly focus on results rather than activities and behaviors. According to employee there is a common misconception among their supervisors that behavior and activities are same as results. Due to this misconception, one employee might appear to be extremely busy, but not to be contributing at all towards the goals of the organization. For an example an employee who manually receives stock and do all the procurement work may appear to be busy compared to an employee who comes out thousands of billings everyday by system. The supervisor may conclude that the employee who does manual works are very committed to organization and thus desires a very high performance rating. But due to performance management policies these things are figured out and each employee get what they …show more content…
Performance management regularly provides open and transparent job feedback to the employees establishing a clear image between performance and compensation. It provides training from experienced business partners and development opportunities by representing the employees in leadership development programs. Performance management evaluates performance objectives by facilitating an open communication and joint dialogues. It helps recognizing and rewarding good performance with Dhiraagu head office (DHO) thus providing maximum opportunities from career growth. In these ways performance management has a huge positive influence on the job satisfaction and employee loyalty as