Get Latest HR practices activities updates of Human resource at myhr online portal hrhelpboard.com

img

Need of Employee Performance Management in the Organization Growth


A well designed Performance management system is extremely required in any organization which is willing to grow. In the stage of globalization strategic HR practices is very much required for every organization. Performance Management helps to get through the competition within the companies. For aligning various major organizational functions which helps to attain organizational goals, Performance Management is really essential. Performance Management includes- planning, implementation, reviewing, evaluating of various process, which will help to track the performance of employees, which further helps in growth of both individual and organization. Performance Management also helps to distribute the job responsibilities, KRA which helps to have a good management system which can facilitate employees to provide a better performance.

To have consistent performance is really tough and is a great challenge in today’s tough competitive world, in that case, it completely depends upon, commitment, competence and performance attitude of the employee. A proper reward policy is very much essential when it is a matter of rewarding an employee for his/her best performance which again acts a great motivation. The robust system of performance system is really a great need and has become really prior when the age old increment system started to fail. The previous mode of performance appraisal via increment lacked the objectives and diameters on which basis the appraisal need to be done, for that particular reason employees used to become nonproductive, which hampered the organizational performance. The lack of transparent feedback mechanism and employee involvement used to demoralize the employees badly. The current performance management system has a futuristic approach which helps to have systematic approach towards growth of the organization. The transparency, the clear declaration of diameters and parameters for measuring and employee involvement in performance management made this process more clear.

Performance Management is having a holistic approach which takes care of overall performance of the company. Being a strategic tool Performance Management needs to develop the culture of the organization. Performance Management also helps to set smart goals for employees which takes company to great heights. To develop a proper performance Management system company need to set proper information system and training procedure for employees.

Now-a-days performance management has become a big hit in most of the company, and now it has been getting integrated with various management processes such as career management, talent management, growth and development policies and many more.

In nutshell how performance management helps organization to grow:

  • Boost up the energy level of employee.
  • Motivates employee to perform better and maintain the consistency.
  • Saves time and energy waste accordingly.
  • Helps organization to get fit into this competitive world
  • Helps to get the best and productive employee for the organization
  • Promotes self-learning process 
  • Promotes the skills and efficiency of employees

Related ARTICLES

Common Work from Home Challenges and Ways to overcome them Many are now realizing the benefits of...

7 Ways to Design a Better Hiring Process The business world is changing so fast that decades-ol...

What Does Acknowledgment Mean? Be it any piece of work for it to be successful, it is possible ...

15 Basic Job Interview Questions and Answers When candidates go to apply for new jobs, they sho...

Tools and Techniques Used for Job Analysis in HRM Job Analysis in HRM is a systematic explorati...

Why Employee Referral Program is Important for Company? What is Employee Referral Program? ...

Applicant Tracking System- A Big No to Recruitment Stress Gone are days when the recruiter in a...

Benefits of Employee Referral Programme Employee referral programme is one of the most effective ...

Why Need to Having a Travel  Manuals  for Employees . Companies have well-defined travel p...

Maternity Benefit act – A Bliss or a Bleed A Brief case study: Prerna has been working in a...

Whistleblowing Policy Whistleblowing is very essential tool in an organization. All organizatio...

Smart Working Methology Recruitment Management Software  Recruitment management software is a re...

Need of Employee Performance Management in the Organization Growth A well designed Performance ...

What is Job Rotation and how it is beneficial in employee engagement Job rotation is a method w...

Benefits of Performance Management System A good performance management system always works in ...

How to identify and apply performance management to get the best output from it? Performance ma...

Different Employee Engagement Process Implemented in the Companies Employee engagement process ...

Kaplan and Norton 4 four perspectives of the balanced scorecard, Its Purpose & Benefits Balance...

[ X ]

SUBSCRIBE FOR NEWSLETTER

HRhelpboard helps people growing knowledge in Human Resource and serve corporate for developing and managing their people practices!