What is Performance Management

1. What is performance management Performance management BY Visit www.HRhelpboard.com

2. Performance Management • Performance management meaning and definition • Types of performance management • Objectives of performance management • Purpose of performance management • Advantages and disadvantages of performance management Lets Understand Step by Step : Performance management

3. Performance Management meaning & Definition Meaning: It is a tool used by managers to monitor and evaluate employee performance Definition: It is a continuous process of identifying, measuring and developing the performance of the employees Performance management

4. Types of Performance Management General Appraisal 360-Degree Appraisal Technological Performance Appraisal Sales Performance Appraisal Types of Performance Management Employee Self-Assessment Performance management Project Evaluation Review Manager Performance Appraisal

5. Performance Management • To help employees in achieve set goals • Helps to identify the skills and knowledge required • for job • Motivate employees and boost employee • empowerment • Provides a communication channel between team • and supervisor • Identifies the issues which leads the low • performance • Provides data for several important decisions in the • organization Objectives of Performance management

6. Performance Management Purpose of Performance management

7. Advantages of Performance Management • Generate a performance document for every employee for particular financial year • Creates a formal structure for communication between supervisor and employee • Makes it mandatory for the supervisor to provide timely performance feedback • Clarify employees about the performance and behavior expectation • Plays vital role in the annual planning of hiring, training and development practices and goal settings • Motivates the employee to improve their performance Performance management

8. Disadvantages of Performance Management • Many times create a negative experience for the employees • The process becomes time consuming and not worth it • The natural biases can result in the rater errors Performance management

9. Thank You Learn everything about Performance Managment • Performance Management Cycle Performance Management System • Performance Management Tools Balanced Scorecard • Bell Curve Appraisal 360 Degree Performance Appraisal Performance management Visit www.HRhelpboard.com