PERFORMANCE MANAGEMENT
PERFORMANCE MANAGEMENT
Most of the industry yearly evaluate the their employees performance . it will be a good for employee and factory management also
According to mike lovett,
" Performance management is one of the most important processes your company can implement.
It helps train employees, develop their talent, improve their relationship with their manager, and take on more responsibility within the company.
When that effect is multiplied by the entirety of your workforce, it creates a lasting impact on your company.
A high performance management process won’t reduce your turnover rate to zero, but it will help achieve goals, improve collaboration, and keep employees engaged." (OCTOBER 7, 2022 
(Productivity improvement - Stock image)
There are three stage in performance management process, in most of different different industry following this stages, 1. Coaching 2. Corrective action 3. Termination
Coaching, This stage of coaching management of industry will set the goal of company and success of employees carrier and improve their skills' Coaching involves training, outlining standards and goals
Corrective Action, employee can not achieve the company standards and expectations of the position after coaching from head of department , the next stage is corrective action. manager and employee to work together to find the reasons for poor performance and develop a next plan to improve the goal.
Termination,
If coaching and corrective action fail to develop the employee performance , the next stage of the performance management process is terminate the employee. termination can have a positive effect by improove team morale in industry due to non performance cant survive in industry like that.
performance management process,
Planning:
manager and employee to work together to find the reasons for poor performance and develop a next plan to improve the goal.
Termination,
If coaching and corrective action fail to develop the employee performance , the next stage of the performance management process is terminate the employee. termination can have a positive effect by improove team morale in industry due to non performance cant survive in industry like that.
This step classifying for expectations and developing a plan for employees. should set goals , deadlines, and make clear understanding how they will impact to the team and the industrial company.
Monitoring:
Crucial to achieving goals is consistent monitoring of progress. want to frequently check in with employees to help work through problems as they arise.
Whether that can be monitor consistently it help employees and managers working together and on the same route.
Reviewing:
This is the correct identification for employees and managers to share their own view on how the week , month or year look back on the commitment progress and achievements.
Rewarding:
Rewarding employees for their efforts and achievements getting from management year or quarterly , ,if company do this they know their talents are appreciated and encourages to continue to perform at a high level.
Conclusion, performance management is the process of one theory to use to get productive employee activities and get better results .planning , monitoring ,reviewing ,rewarding is mainly good process to activate employee performance.
https://www.istockphoto.com/ru/%-gm579421538-99657697https://www.workhuman.com/blog/performance-management-process/#:~:text=What%20is%20the%20performance%20management,overall%20impact%20on%20the%20company.
Monitoring:
Crucial to achieving goals is consistent monitoring of progress. want to frequently check in with employees to help work through problems as they arise.
Whether that can be monitor consistently it help employees and managers working together and on the same route.
Reviewing:
This is the correct identification for employees and managers to share their own view on how the week , month or year look back on the commitment progress and achievements.
Rewarding:
Rewarding employees for their efforts and achievements getting from management year or quarterly , ,if company do this they know their talents are appreciated and encourages to continue to perform at a high level.
The three stages of coaching, corrective action, and termination are well-defined, showcasing a structured approach to address employee performance. The idea that termination, when necessary, can lead to improved team morale by eliminating non-performing employees is thought-provoking.
ReplyDeleteInteresting topic ,Through performance management, employees should understand: What goods or services does my job produce? What procedures does my job entail? What effect should my work have on the company? How should I interact with clients, colleagues, and supervisors?
ReplyDeletePerformance management is an ongoing process of communication between a supervisor and an employee that occurs throughout the year, in support of accomplishing the strategic objectives of the organization.
ReplyDeletePerformance management is a tool that helps managers monitor and evaluate employees' work. The goal of performance management is to create an environment.
ReplyDeleteA high performance management process can not reduce turnover rates but can lead to increased collaboration and employee engagement. The stages of the process coaching, corrective action, and termination are summarized in the article well.
ReplyDelete