Definition:
“A process that consolidates Goal setting, Performance Appraisal, Development of a common system the aim of which is to ensure that employee performance is supporting the company 's strategic aims.”
Performance management (PM) includes activities that ensure that goals are consistently being met in an effective and efficient manner. Performance management can focus on the performance of an organization, a department, employee, or even the processes to build a product or service, as well as many other areas.
The field of performance management can comprise two separate types of management. In one aspect of performance management, an analyst may view the performance of a company as a whole, and also evaluate the effectiveness of the managers and heads of companies in reaching goals. In another sense, performance management may be a system of evaluating employees to help them reach reasonable goals and thus ensure that the company performs better. This discussion will focus on the latter definition.
Performance management of individual employees differs. It generally includes the following: planning work, setting goals, offering feedback and reviews, offering opportunities to learn more in one’s field, and rewarding employees who perform well.
What is performance?
Performance is essentially what an employee does or does not do common elements to performance Quality of output, Quantity of output, Timeliness of output, Presence at work, Cooperativeness
Factors That Influence Employee Performance
A number of factors can influence your employees ' performance in the workplace. Employees may feel negatively influenced because of micromanaging by their supervisors or miserly budget restrictions. Conversely, employees will most likely feel inspired and otherwise positively influenced by top quality equipment and a supervisor 's approachable management style. Regardless of the field or industry in which they work, the
References: * http://en.wikipedia.org/wiki/Management_by_objectives * http://www.performance-appraisal.com/essay.htm * http://en.wikipedia.org/wiki/360-degree_feedback * http://www.explorehr.org/articles/Performance_Appraisal/Performance_Appraisal_Methods.html * http://www.pakspectator.com/performance-appraisals-in-organizations/ * http://www.mckpeople.com.au/content_common/pg-Purpose-of-Performance-Management.seo * http://en.wikipedia.org/wiki/Performance_appraisal * http://www.ehow.com/list_6878597_factors-influence-employee-performance.html