These days a lot of importance is given to the word
Performance Management in the corporate companies especially
as they use it as one of the strategies to improve the productivity of the
company. Some find this to be a complicated process as there is no specific indication
of what this process deals with. Does it deal with some product / service or
some department or employees or anything else? To remove all these confusions,
let us get a brief idea about what exactly is the process of Performance
Management.
Performance Management
is the process which provides a chance to both the manager and the employee to
sit together and determine the overall goals of the company as well as the
individual goals so that the performance of the employee improves. This will in
turn help the company to enhance its productivity. This is a very effective
step taken by any company as it allows the management to give its employees an
outline of how they are performing and which are the areas they will have to
improve. This process makes it clear for both the employers and the employees
of what has to be done. If the employees do work up to the mark then they can
be appreciated by this process so that it can be a morale booster to the employees
and help them to work even better. Many individuals working in that company will shine when
given the tools and freedom with guidance to explore their own potential. Performance
Management is given quite an
importance in a safe
environment where mistakes are seen as positives, people grow way beyond
expectations as they explore their own possibilities and work for the
development of the organization, which implies that there is an individual
improvement too. Some perks here and there, a word of appreciation when people
achieve their short term goals would improve the relationship between the
manager and the employee resulting in creation of a positive environment. This
shows that the effort put up by people is noticed which includes all the little
changes they made to see the growth in their performance as a result of which,
the manager gets an opportunity for winning the heart of his employees which is
profitable for both the organization and the individual too. As a manager, you
may hardly find time to spend with your employees. Spend some time around for
throwing some light on enhancing the skills of the individuals, which would
lead you out with fruitful results of overall development.
We can see that most of the company’s development and
achievements are just because of the little care taken by the company in
nurturing them on Performance Management. If right
guidance, and provision of proper training resources, and opportunities to mark
their performance, are provided to the individuals then am sure, they would
love to work for that company for the rest of their life’s, resulting in a
healthy development of an organization. What more do you wish to see that
people love to work for your company with an enormous confidence towards
success and make it stand out from rest of the organizations!