Effective Performance Management

Every company/organization has its own corporate mission and corporate vision. To achieve these they do required certain form of resources which can be in the form of land, capital, machinery, material and last but foremost the human capital means the human resource which leads to utilize the rest of the resource through which they can drive the organization on the way to achieve its corporate mission and corporate vision. We all know and cant ignore that every machine or equipment do need certain form of input to operate effectively and efficiently and to make sure that they keep perform well on continuous basis we design certain measures to evaluate their performance. In a similar way to get higher level of productivity from humans (employers) we need to evaluate them and keep motivate them through certain rewards which should be on a performance based but here the question arises how we are going to evaluate and manage their performance. In answer of this question I would say, we need to develop and design a mechanism or system which is known as Performance Management System.

The essay has been prepared to help all the readers to understand what is performance management, what performance management system is all about, what are the main characteristics of effective performance management system, the skills and techniques required during the process of performance management and to what degree this system can effectively manage employee performance .

INTRODUCTION

"Performance Management is a systematic process through which the company/organization involves its employees, as individuals and members of a department, in achieving agreed objectives, thereby improving themselves and developing organizational effectiveness, in line with the company 's/organization mission, vision and goals".

Ref: ARMSTRONG, M.nd BARON, A. (2004) Managing Performance: performance management in action .London: Chartered Institute of Personnel and Development.

We have to believe

References: ARMSTRONG, M.nd BARON, A. (2004) Managing Performance: performance management in action .London: Chartered Institute of Personnel and Development. The University of South Australia. (No date) Performance Management Guidelines [Online]. Available: http://www.unisa.edu.au/hrm/guidelines/performance.pdf [Accessed 2006, Nov 02] Guidelines for effective performance management (no date) [Online].Available: www.wellesley.edu/HR/new/VWSite/PerfMgmtGuidelines_01.24.02.doc [Accessed 2006, Oct 20]. National archieves and record administration strategic directions :(2006) Appraisal policy [Online]. Available: http://www.archives.gov/records-mgmt/initiatives/appraisal.html [Accessed 2006, Nov 10].