PERFORMANCE MANAGEMENT

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PERFORMANCE MANAGEMENT: 

PERFORMANCE MANAGEMENT

PERFORMANCE: 

PERFORMANCE The accomplishment of a given task measured against preset known standards of accuracy, completeness, cost , and speed. In a contract, performance is deemed to be the fulfillment of an obligation, in a manner that releases the performer from all liabilities under the contract. In short performance is behavior plus results

What is performance management?: 

What is performance management? The process of motivating employees through setting goals, measuring progress, giving feedback, coaching for improved performance, and rewarding achievements. The process of creating a wok environment or setting in which people are enabled to perform to the best of their abilities. A whole work system that begins when a job is defined as needed. Ends when an employee leaves your organization.

What performance management is for?: 

What performance management is for? Performance Management Goals create competency in your people create growth in your employees

Performance management system includes the following actions:: 

Performance management system includes the following actions: Develop clear job descriptions Select appropriate people with an appropriate selection process Negotiate requirements and accomplishments-based performance standards, outcomes, and measures Provide effective orientation, education, and training

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Provide on-going coaching and feedback Conduct quarter performance development discussions Design effective compensation and recognition systems that reward people for their contributions Provide promotional/career development opportunities for staff Assist with exit i nterviews to understand WHY valued employees leave the organization

Employee Performance Management includes:: 

Employee Performance Management includes: Planning Monitoring Developing Rating Rewarding

Managing Performance Effectively: 

Managing Performance Effectively In effective organizations, managers and employees have been practicing good performance management naturally all their lives, executing each key component process well. Goals are set and work is planned routinely. Progress towards those goals is measured and employees get feedback. High standards are set, but care is also taken to develop the skills needed to reach them.

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Formal and informal rewards are used to recognize the behavior and results that accomplish the mission. All Five component processes working together and supporting each other achieve natural, effective performance management.