What is Performance Management

PERFORMANCE MANAGEMENT

WHAT IS PERFORMANCE MANAGEMENT BY

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PERFORMANCE MANAGEMENT

PERFORMANCE MANAGEMENT Lets Understand Step by Step :

Performance management meaning and definition  Types of performance management  Objectives of performance management  Purpose of performance management  Advantages and disadvantages of performance management 

PERFORMANCE MANAGEMENT

PERFORMANCE MANAGEMENT MEANING & DEFINITION

Meaning: It is a tool used by managers to monitor and evaluate employee performance

Definition: It is a continuous process of identifying, measuring and developing the performance of the employees

PERFORMANCE MANAGEMENT

TYPES OF PERFORMANCE MANAGEMENT General Appraisal

Sales Performanc e Appraisal

360-Degree Appraisal

Technologic al Performance Appraisal

Types of Performance Management Project Evaluation Review

Manager Performanc e Appraisal

Employee SelfAssessment

PERFORMANCE MANAGEMENT

Objectives of Performance Management  To help employees in achieve set goals  Helps to identify the skills and knowledge required for job  Motivate employees and boost employee empowerment  Provides a communication channel between team  and supervisor  Identifies the issues which leads the low performance  Provides data for several important decisions in the organization

PERFORMANCE MANAGEMENT

Purpose of Performance Management

PERFORMANCE MANAGEMENT

Advantages of Performance Management

• Generate a performance document for every employee for particular financial year • Creates a formal structure for communication between supervisor and employee • Makes it mandatory for the supervisor to provide timely performance feedback • Clarify employees about the performance and behavior expectation • Plays vital role in the annual planning of hiring, training and development practices and goal settings • Motivates the employee to improve their performance

PERFORMANCE MANAGEMENT

Disadvantages of Performance Management • Many times create a negative experience for the employees • The process becomes time consuming and not worth it • The natural biases can result in the rater errors

PERFORMANCE MANAGEMENT

Thank You Learn everything about Performance Managment 

Performance Management Cycle

Performance Management System

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Performance Management Tools

Balanced Scorecard

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Bell Curve Appraisal

360 Degree Performance Appraisal

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