Lesson 4: The Performance Management Process
Purpose of Rating and Rewarding Phase
Learning Points: • Every aspect of the performance management process is set up so that results can be measured. The rating phase allows for the formal measurement of the elements in the performance plan. The rating phase allows an organization to measure how well it achieved the goals it set out to accomplish. • Additionally, the performance rating allows an organization to quantify its success (or failure). • Employees are paid based on their performance rating, in order to promote continued success. This sums up the performance management process. It is completely transparent: Employees know what is expected of them at the start of the year, and they know how to achieve success. When they do achieve success, they are rewarded accordingly. • Similarly, the supervisor/manager knows what the employees are being held responsible for, and how successful those employees are in achieving their goals.
Performance Management for HR Practitioners
Performance Management for HR Practitioners Participant Guide