Performance Management Essay

2598 words - 11 pages

“If you can’t measure it, you can’t manage it”
(Marr, 2012)

Big companies always want to keep a high level of performance to make sure everything is done timely and efficiently. Performance management comes into place to assure that would happen; by introducing a bundle of techniques that would give good outputs, profits and results.
WD Scott is known to have come up with the first performance appraisal back at World War I. (University of Leicester) Performance management as a whole originated in1960s. Back then, records of employees were kept but the employees didn’t know about it. During the late 1960s and early 1970s, some parts ...view middle of the document...

Clear and definite targets should be set and adequate measurements should be put into place.
Second step is monitoring, as you can’t know what is happening unless you keep an eye on everything. This is where the “coaching” process comes in which is where managers guide and aid the employees. Then you review everything, summarize all results and give feedback. Final step is rewarding, where you reward good performance and construct mediocre performance.
A good performance management system must be job specific, reflective of the organization’s strategies, easy to comprehend and put into action, specific about what is expected from employees, monitored all along to provide feedback(positive or constructive) and full of remedies for any under-performed aspects.
Main reasons why PM fails sometimes is due to inefficient integration, problems with design, top management not backing it up, incorrect implementing, an insufficient rewarding system, problems with communication or monitoring. (Saravanja, 2011)
Mainly performance management revolves around employee as previously mentioned, and there are many theories that support that. Maslow’s hierarchy divides people’s needs into set of needs as a hierarchy (Maslow, 1934), consisting of: Physiological needs, Safety needs, social needs, Self-esteem, Self-actualization. Self-esteem relates to performance management because it provides managers many methods which can help them increase employee satisfaction (besides money) thus motivating them to performing better. Self-actualization relates because managers want their employees feel good about themselves and their achievements thus perform better.
Safety needs relates because when you provide employees with medical benefits, they feel safe about their jobs and themselves and that feeling of security makes them perform better. (Hamlett, n.d.)
It is also included in Frederick Taylor’s four principles of scientific management which are Four Principles of Scientific Management where it says that you should assign workers to jobs they would excel at, not just any job, to increase motivation and efficiency. In addition, you should monitor performance and give instructions about what should be done. (Taylor, 1911)
The motivation- hygiene concept (Herzberg, 1964) discusses that certain motivators and hygiene factors are important and should be implemented to achieve better employee performance.
There are two theories that define the concept of performance management (Salaman et al, 2005): The goal-setting theory and the Expectancy theory. Goal-setting theory was first brought up by Edwin Locke in 1968 and it suggests that the goals an employee put for themselves have a significant impact on their motivation for better performance. Expectancy theory was discusses by Victor Vroom in 1964. It says that employees change their behavior based on what satisfaction they think they’ll get from the previously-set goals.
A recent survey (Oberoi,...

Other Papers Like Performance management

Performance Management Essay

2578 words - 11 pages Executive Summary The paper presents its analysis on the HR policies and procedures and discusses about some of the best practises when it comes to performance management in an organization. Some of the key practises discussed in the paper would be: • Setting up effective goals • Panning and continuous monitoring of the execution of the goals • Refer to multiple sources of information and systems to extract the data on performance metrics

Performance Management Essay

1005 words - 5 pages , and closing projects that tare worked on.  With the use of measures, such as evaluating, controlling, and budgeting assists the project managers and team members keep an eye on the development of the project. This paper will compare and contrast the three Earned Value Management performance measurements: Planned Value, Earned Value, and Actual Cost. Planned Value Planned value is defined as, “the value of the work planned for a certain

performance management

1179 words - 5 pages TO: Traci Goldman FROM: Laura Cruz CC: Bradley Stonefield DATE: February 01, 2016 SUBJECT: Performance Management Hello Traci, I will be putting together some recommendations, based on the current business strategy, to increase performance. I will be examining the six characteristics for performance management framework. Landslide Limousine will be at a -$50.000 in expected revenue for the first year and is planning on 25 new

Performance Management

891 words - 4 pages INDEX Abstract 3 Introduction 4 Performance & Potential 5 Understanding TMS Grid 9 TMS & Appraisal Rating 11 Special Cases 14 The TMS Process 15 Use of TMS Rating 19 Advantages of the System 19 Gaps in the System 19 Abstract This project us gave the opportunity to analyze and explore performance management system at Bajaj Allianz. We have explored the performance appraisal

Performance Management - 1093 words

1093 words - 5 pages Performance Management HRM/531 Human Capital Management Introduction This paper will describe performance management and how Camber’s current performance evaluation system works to provide me feedback on my job as a Field Support Representative for the Navy. In addition, it will also provide possible suggestions about how to improve the performance evaluation process. Performance Management Cascio (2013) stated “Managers must observe

Performance Management - 3011 words

3011 words - 13 pages School of Business Human Resource Management Managing Performance Module Introduction: This Human Resource Management Pathway Module seeks to explore the Performance Management aspect of the HR Managers role – detail, depth and complexity: 1. Holistically – as a strategy which relates to every activity of the organisation set in the context of its human resources policies, culture, style and

Performance Management - 2476 words

2476 words - 10 pages Learning Team Performance Management HMR/531 A typical employee performance problem will be examined for this essay. A relevant appraisal process will also be identified to address this problem, along with three key factors required to make the appraisal process effective. A specific improvement process will be identified to address the problem as well as some pros and cons of the identified process. An individual development

performance management

941 words - 4 pages Performance management HRM531 04/10/14 Professor Lawrence Performance management I have broken down the performance management recommendation into 3 overarching points and provided detail in each one. 1. Define performance. a. Set goals for the company Mr. Stonefield will need to set goals for the company as a whole. These goals include growth of net revenue, employee performance standards, and strategic direction of

Performance Management - 625 words

625 words - 3 pages favouring longevity and effectiveness, such as educational programs, stock options, and saving plan benefits will foster employees' motivation and result in a more efficient and productive work environment (Kamery, 2004). This echo back to the textbook where Aguinis discusses the reward system of relational return and long-term incentive has a relatively moderate to high degree of dependency on the performance management system and can thus

Performance Management - 2598 words

2598 words - 11 pages on the productivity of the individual worker. a. Frederick Taylor (1856-1915), the father of scientific management, was convinced that there is “one best way” to perform each task and used scientific methods to study how workers performed their jobs. Taylor’s observations led him to formulate opinions in the areas of task performance, supervision, and motivation. b. Frank and Lillian Gilbreth also made substantial

Performance Management Apprasial

584 words - 3 pages Performance management is a strategic and integrated approach of delivering sustained success to organizations by improving the performance of the people who work in team and by developing the capabilities of teams and individual contributors. The evolution of the concept of performance Management as a new Human Resource Management Model reflects a change of emphasis in organizations away from command-and-control toward a facilitation model of

Related Essays

Performance Management Essay 7702 Words

7702 words - 31 pages 1.0 Introduction to Performance Management The most common view of performance management is that creating a shared vision of the purpose and aims of the organisation. It is about helping the individual employees to understand and recognize their part in contributing to the organisation’s success and thereby managing and improving the performance of both the individuals and the organisation. People must be managed to deliver superior

Performance Management Essay 1483 Words

1483 words - 6 pages PERFORMANCE MANAGEMENT Dessler, D. (2009) defined performance management as a process employers use to ensure employees are working towards organization goals. (p. 191). My company’s performance management is a formal process that begins with planning, feedback, development and links performance with pay. Planning: Helps employee to understand what is expected of them. Feedback: Employee will understand how they are doing Development

Performance Management Essay 637 Words

637 words - 3 pages Performance management system of Maruti Suzuki India Limited To ensure an objective & transparent system of employee’s performance assessment and to facilitate employee development and career growth towards building a performance oriented culture. It is an online process, based on clear & measurable Key Result Areas (KRAs) and involves active participation from appraiser & appraisee, ensuring feedback & suggested improvements. The Performance

Performance Management Essay 2598 Words

2598 words - 11 pages Performance management Introduction Armstrong and Baron (2004) explain performance management as a management process that manages individuals and teams so that high levels of organisational performance can be attained. Further more, performance management also establishes a shared understanding about what is required to be accomplished with an approach that leads and develops people. This approach also ensure the management and the