Increase employees’ accountability of their on-the-job performance
PERFORMANCE MANAGEMENT
Performance management systems are driven by business needs, organizational culture and the system’s integration with other human resource management systems. There is not a “one size fits all” model. Effective Performance Management Systems:
Provide a more objective tool for measuring employees’ success
Provide a direct line of sight for employees to the strategic goals of the organization
Improve success rates for reaching overall organizational goals
Mitigate employment practice-related risks by linking evaluation to employees’ self-validated job descriptions
Provide measurement for operational/business decisions, i.e., performance rewards, compensation, downsizing, etc.
In addition, an organization’s performance management directly affects employee morale and attitude, thereby determining productivity and ultimately the success of the organization. In today’s workplace climate, performance management is crucial!