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Q1.What are the aims of performance management?

January 10, 2013 By: Meliza Category: 1st SEM

Answer : One of the important objectives of performance management is identifying the strengths and weaknesses of employees and finding ways to overcome their shortcomings. This is done by evaluating employee output and the companys overall ability to meet the goals by having quarterly or annual audits. Often, after an evaluation, there will be widespread company meetings where managers and employees discuss concerns and solutions to problems.

Another objective is to discover where employees and the company are falling short. This is done by going through details such as profits earned, new clients acquired and the contribution of employees to make these things happen. Employees whose contribution are minimal or not up to the mark are counselled on how to improve performance.

The evaluation of an employees performance is based on their work output and the amount of time spent by them on the project. Although time spent in an office is not an accurate way of measuring performance, most companies still have the notion that better employees put in longer hours of work. A better way of measuring employee productivity would be to measure the output of work and the accuracy of work completed.

Overall evaluation of a company and its ability to set and reach goals is another important objective of performance management. Increasing revenue is the overall goal of any company. Other goals may be to acquire more or specific clients, develop new products or hire new talent. It is very easy to determine which of these goals have been met, because these are things that can be seen or calculated.

The inability of a company to meet the goals is mainly due to poor leadership, poor planning, poor implementation or poor employee performance. Economic factors also play a major role, but it is

better for companies to concentrate on factors that are within their control. The best way of

improving a companys overall output is motivating the employees and improving their performance.

To identify and remedy situations that hinder company performance is another important objective of performance management. This includes replacing underperforming employees, gaining new clients, developing new strategies for reaching the goals and discussing strategies that have worked in the past.

In order to meet the objectives of performance management and improve the overall performance

of a compa

ny, every employee must work with the team members to develop new techniques and implement changes.

 

The aims of performance management can be summarised into the following points.

 

o     The aims of performance management are:

o     To assist in the achievement of enhanced standards of work performance of an employee or

class of employees.

o     To assist employees to identify the knowledge and skills to perform their jobs efficiently.

o     To ensure that the employees work towards the defined goals.

o     To ensure that the employees receive regular feedback on performance.

o     To assist the employees to achieve personal growth through acquiring relevant knowledge and

skills and attitudes.

o     To evaluate the company and its ability to set and reach goals.

o     To identify and remedy situations that are hindering company performance.

 

 

 

Q2.What are the features of a Performance management framework?

 

Q3.Explain the two psychosomatic approaches of the reward system within an organisation.

 

 

 

Q4.State the four essential components of 360 degree appraisal.

Q5.What are the steps to be followed while building an ethical organisational culture?

Q6.The HR department of a software company reviewed the performance of the employees. The HR Manager wants to provide feedback of the performance review to the employees. Describe the factors that have to be looked into while providing performance review feedback

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