Performance Management in HRM

1
Understanding Performance Management Types,
Purpose, Objectives, and Disadvantages
2
Introduction to Performance Management
Performance management is a strategic approach
to improving the effectiveness of an
organization. It involves setting clear goals,
providing regular feedback, and evaluating
employee performance. The process aims to
enhance productivity and drive continuous
improvement.
3
Types of Performance Management
There are various types of performance
management systems, including 360-degree
feedback, management by objectives, and
behaviorally anchored rating scales. Each type
has its own advantages and limitations.
4
Purpose of Performance Management
The primary purpose of performance management is
to align individual goals with organizational
objectives. It also aims to identify training
needs, recognize and reward top performers, and
address performance issues effectively.
5
Objectives of Performance Management
The main objectives of performance management
include improving communication, fostering
employee development, ensuring fair
evaluations, and promoting accountability. It
also seeks to link individual performance to
organizational success.
6
Disadvantages of Performance Management
While performance management can be bene?cial,
it also has potential drawbacks. These include
creating a competitive environment, fostering
bias in evaluations, and causing stress for
employees.
7
Implementing Effective Performance Management
To ensure the success of performance management,
organizations must focus on clear communication,
provide regular feedback, offer training and
development, and ensure fair and transparent
evaluations.
8
Measuring the Impact of Performance Management
Measuring the impact of performance management
involves assessing employee engagement,
productivity levels, employee turnover rates,
and organizational performance. It also
requires gathering feedback from employees and
managers.
9
Conclusion

• Performance management is a critical aspect of
  organizational success, but it requires careful
  planning and implementation. By understanding
  its types, purpose, objectives, and potential
  disadvantages, organizations can develop
  effective strategies to drive employee
  performance and achieve organizational goals.

10
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