PERFORMANCE MANAGEMENT
WHAT IS PERFORMANCE MANAGEMENT BY
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PERFORMANCE MANAGEMENT
PERFORMANCE MANAGEMENT Lets Understand Step by Step :
Performance management meaning and definition Types of performance management Objectives of performance management Purpose of performance management Advantages and disadvantages of performance management
PERFORMANCE MANAGEMENT
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
TYPES OF PERFORMANCE MANAGEMENT General Appraisal
Sales Performanc e Appraisal
360-Degree Appraisal
Technologic al Performance Appraisal
Types of Performance Management Project Evaluation Review
Manager Performanc e Appraisal
Employee SelfAssessment
PERFORMANCE MANAGEMENT
Objectives of 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
PERFORMANCE MANAGEMENT
Purpose of Performance Management
PERFORMANCE MANAGEMENT
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
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
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
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