Performance Management System and Its Implication
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The document outlines a performance management system consisting of job descriptions, performance planning, measurement, and development, emphasizing the importance of metrics for improvement and growth. It details various tools such as work plans, corrective action plans, individual development plans, performance appraisals, and performance documentation for effectively managing employee performance. The goal is to ensure fair appraisals and objectively differentiate between performers and non-performers.
Performance Management System and Its Implication
- 3. PERFORMANCE MANAGEMENT SYSTEM 1.Business role job description Job skills / knowledge Individual skills / knowledge Team business /objectives 2. Performance Planning 4. Performance measurement 3. Performance development
- 4. WHY MEASURE PERFORMANCE ? Because • What you cannot measure you cannot improve. • If you cannot improve you cannot grow. • Measurement helps in objectively differentiating between performers and non performers. • Pay for performance is possible only through metrics.
- 5. IMPLICATION METHOD • Work plan – A document that describes the work to be completed by an employee within the performance cycle, the performance expected, and how the performance will be measured. • Corrective action plan – A short-term action plan that is initiated when an employee’s performance fails to meet expectations. Its purpose is to achieve an improvement in performance. • Individual development plan – An action plan for enhancing an employee’s level of performance in order to excel in the current job or prepare for new responsibilities.
- 6. • Performance appraisal – A confidential document that includes the employee’s performance expectations, a summary of the employee’s actual performance relative to those expectations, an overall rating of the employee’s performance, and the supervisor’s and employee’s signatures. • Performance documentation – A letter, memo, completed form, or note on which the supervisor indicates the extent to which the employee is currently meeting expectations and provides evidence to support that conclusion. • Fair appraisal – Appraising employees in a manner that accurately reflects how they performed relative to the expectations defined in their work plan and in a manner that is not
- 7. CORE AREAS
- 8. THANKS……