PMS

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Performance managementSystem : 

Performance managementSystem By Rahul Tiwari

What is performance Management ? : 

What is performance Management ? MANAGEMENT TOOL THAT PROVIDES A LINK BETWEEN THE BROADEST AIM AND THE EFFORTS IT IS THE DAILY FUNCTION OF PLANNING, MOTIVATING, DEVELOPING AND SUPPORTING EMPLOYEES SO THAT THEY CAN MORE EFFECTIVELY ACHIEVE THE DESIRED RESULT OF THEIR RESPECTIVE JOBS

Slide 3: 

DOING SO CONTRIBUTE TOWARDS THE BUSINESS OBJECTIVES OF THE ORGANIZATION CONSIDERS THE TOTALITY OF AN EMPLOYEES PERFORMANCE – i.e.: THE RESULTS ACHIEVED AND THE COMPETENCIES (BEHAVIUORAL SKILLS) USED TO ACHIEVE THOSE RESULTS PERFORMANCE = RESULTS + COMPETENCIES

Why Performance Management ? : 

Why Performance Management ? IT COMMITTED TO ENCOURAGING A RESULTS BASED CULTURE WITHIN THE BUSINESS PERFORMANCE MANAGEMENT HAS STARTED WITH MEMBERS OF THE SENIOR EXECUTIVE SERVICE THAT IS ESSENTIALLY MADE UP OF EXECUTIVE MANAGEMENT STAFF AND VARIOUS DEPRTMENTS MANAGING PERFORMANCE IS CENTRAL TO EFFECTIVELY MANAGING HUMAN RESOURCES

Slide 5: 

THE PROCESS SERVES BOTH DAY TO DAY MANGEMENT AND STRATTEGIC PURPOSES THE SYSTEM ALSO PROVIDES A MECHANISM FOR LINKING ORGANIZATIONAL AND PROGRAM GOALS WITH THE ACTUAL PERFORMANCE OF INDIVIDUAL OFFICERS WITHIN THE ORGANIZATION IT ALSO PROVIDES A REVIEW MECHANISM WHERE THE QUALITY OF PERFORMANCE IS NOT ONLY MEASURED BUT LEADS TO DECISIONS TO ASSIST, ACKNOWLEDGE AND REEWARD OR SANCTION PERFORMANCE

PRINCIPLES AND GUIDELINES OF PERFORMANCE MANAGEMENT : 

PRINCIPLES AND GUIDELINES OF PERFORMANCE MANAGEMENT AS EARLY AS POSSIBLE IT IS IMPORTANT THAT WHAT IS BEING PROPOSED IN TERMS OF “PERFORMANCE MANAGEMENT” DEVELOPEMNT AND IMPLEMENTATION IS TAKEN IN CONSULTATION WITH EMPLOYEES

Slide 7: 

THE PROCESS SHALL INCLUDE THE DEVELOPMENT OF A WORK PLAN WHICH INCORPORATES THE SETTING OF GOALS AND OBJECTIVES, PROGRESS REVIEW, AN ANNUAL PERFORMANCE REVIEW AND JUDGEMENTS AND DECISIONS BASED ON THAT REVIEW

Performance Cycle : 

Performance Cycle SETTING EXPECTATION PROVIDING ACTIONABLE COACHING & FEEDBACK OBSERVATION BEHAVIOUR AND MEASURE RESULT

PMVC : 

PMVC

Slide 10: 

The PMVC is a framework to improve the analysis and management of performance measures based on its logical rationalization of performance data. For this reason, the researchers found it as a suitable tool to analyze the impact of performance measurement on business results. The seven PMCV’s phases are used as generic guidelines to develop a high level process of our proposed research methodology.

Performance measurement aspects of the organizations : 

Performance measurement aspects of the organizations

Slide 12: 

Cross Case Analysis Triangulation of data

Components of Data Analysis: Flow Model : 

Components of Data Analysis: Flow Model

The novelties of this approach: : 

The novelties of this approach: The study of internal and external impact of PMS. We refer as ‘internal impact’ as the impact of PMS in the business operations and capabilities and ‘external impact’ as the impact perceived by stakeholders, such as reputation, profitability, etc. It is achieved by the application of the cases studies following the two stages above described. This methodology will allows us to explore the sequential effects of the internal impact of PMS, in which almost no research has been conducted. Interviewing team leaders and measurement owners is a somewhat original approach, compared to most studies on the impact of PMS.

Important Implicationsof PMS : 

Important Implicationsof PMS providing a better understanding of the impact of PMS in their business. understanding the use of positive factors associated with positive impacts of PMS. Enhancing the selection and optimization of PMS factors that lead them to have positive impact on business performances.

Limitation of PMS : 

Limitation of PMS The inherent problem is that some of these survey-studies lack of strong methodological basis and are limited to the knowledge and perception of people that answer the survey. Researchers do not have control on important variables such as if companies have in reality PMS in place.

Slide 18: 

These results provide very little guidance to managers and practitioners to understand the impact of PMS and the factors associated. Nevertheless, it is understandable because surveys have a limited capacity to study and gather new findings

Contd…. : 

Contd…. Most studies have focused on the financial and managerial impact of PMS. This is because these issues have a natural ability to manifest or reflect changes to the environment. One of the main reasons might be because it requires more time and commitment from participating companies to study the behavior and impact of PMS on operations.

Discussion and Conclusions : 

Discussion and Conclusions The extensive body of research around the domain of performance measurement and management has basically concentrated on design and implementation of different frameworks and on the solution of PMS problems. Companies have made large investments on the hypothesis that the use of ‘balanced’ performance measurement systems has a positive impact on the performance of the organization.

Slide 21: 

Despite the strong effort on the development and implementation of PMS, there is relatively little research, which tests the hypothesis that there is a positive return for the investment Even less investigation has been done on the identification of factors that lead to PMS having a positive impact on business results.

A STARTENDSHEREYO….. : 

A STARTENDSHEREYO…..

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