Concept of Performance Management by Australian online assignment help experts
According to Australian assignment help experts Performance management refers as a process of assessing or appraising the performance of an employee, business process, equipment and other factors to measure progress towards predetermined goals of the organization. It is an important element of the organizations, because it is helpful to ensure that organizational goals are consistently being met in an effective manner. It can be also defined as a system that emphasizes to create link between individual behavior and organization’s strategies and goals by evaluating the performance in the context of organizational goals. It is a formal and systematic process that is used to measure, evaluate and influence employees.
It also involves clarification of job duties, defining organizational objectives and strategies, defining performance standards and evaluation and discussion of performance with each employee. Our business management assignment help of Australia experts says that to recognize quality performance, to identify and resolve performance problems, to provide base for managerial decision making, to increase focus on outcomes and to increase communication between management and employees are the main objectives of performance management process. It is an important function of human resource management due to its wide range of utilities.
Types of Performance Management
The most prominent type of performance management are discussed below by the Oz assignment writer –
Gap Analysis: It is one of the most useful types of performance management process that is used to determine performance gaps by comparing the actual performance of employees with performance standards established for particular position. It is also helpful to describe behaviors of high-performing individuals as well as enhance firm’s competitive standing in its market.
Performances Appraisal: Performance appraisal is also a well-known type of performance management that is used by the organization to assess performance of each employee. Performance appraisal is the systematic assessment of the employees in terms of performance, behavior, capabilities and other abilities in order to determine that they meet organization’s goals and objectives or not.
Along with these, evaluation of outcome, traits and productivity are some other types of performance management system.
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