What is Performance Management

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What is performance management
Performance management
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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
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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
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Types of Performance Management
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• 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

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• Purpose of

Performance Management
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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

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• 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

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Thank You
Learn everything about Performance Managment

• Performance Management Cycle Performance
  Management System
• Performance Management Tools Balanced
  Scorecard
• Bell Curve Appraisal 360
  Degree Performance Appraisal

Performance management
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