Performance Management Is The Process Research Paper

Length: 10 pages Sources: 10 Subject: Business - Management Type: Research Paper Paper: #43702600 Related Topics: Performance Evaluation, Academic Performance, Pay For Performance, Performance Appraisal
Excerpt from Research Paper :

The other major advantage of the use of a pilot group for conducting evaluations and 360 degree feedback survey is it enables pilot participants to act as champions who promote the process in the rest of the organization.

Using Rater Groups:

When conducting evaluations and 360 degree feedback assessments, using small but relevant rater groups is one of the best methods. The consideration of the number of people to participate in providing feedback is critical because providing response is the main aspect of 360 degree appraisals. In addition to using the small rater groups, it's also important manage the rater selection since leaving this to the participants would tempt them to conduct the survey in their own favor. However, the selected raters should have normal interactions with employees being evaluated in order to provide accurate performance feedback.

Aligning Employee Goals with Organizational Goals:

Aligning employee goals with organizational goals is important since it allows the organization to capitalize on the productivity of the workforce to accomplish greater results by ensuring that the organization's plans are being implemented. Aligning employee goals with organizational goals is important because each worker must be held accountable for the accomplishment of outcomes, which support the company's goals ("Aligning Performance," 2005).

Linking employee goals and the agency's strategic objectives provides the workers with a sense of importance regarding their job responsibilities and tasks. Traditionally, many managers have tried to do this through linking the workers goals with their own. However, a more powerful practice has been developed and adopted by many organizations across the globe. This new practice involves the alignment of employee goals with high-level departmental or agency's goals. In most cases, organizations create goals that are linked with employee goals through the Result-Oriented Performance Culture System. Through this system, organizations develop the employee performance plans based on its strategic goals.

The Result-Oriented Performance Culture System basically involves eight steps that organizations utilize to create its goals. The steps include an analysis of the overall picture, identification of work unit achievements, individual achievements that support these work unit goals, and conversion of the projected achievements into performance standards. Furthermore, this system includes identifying work unit and individual mechanisms, developing these standards as well as determining and conducting performance evaluation guidelines.

Compensation Strategies:

As mentioned earlier, employee compensation or rewards is one of the major parts in performance management since it's an important motivator toward the achievement of the probable organizational goals and results ("Use Compensation Strategy," n.d.). However, an effective compensation strategy is important in order to achieve the right behaviors and organization's effectiveness. The rewards strategy should not only reflect the strategic organizational objectives but it should also reinforce the desired organizational culture. One of the available compensation strategies that drive right behaviors is the provision of a right combination of cash and non-cash benefits.

The compensation strategy should include two types of benefits i.e. monetary and non-monetary benefits. Some of the monetary compensations include salaries, commissions, bonuses, holidays, health and medical rewards, and retirement benefits. On the other hand, the non-monetary rewards are significant and challenging jobs, career advancement opportunities, recognition, fair treatment, and safe and healthy working environment.

However, a critical aspect to balance these rewards is equitable compensation since it boosts people's motivation and morale. Employees are motivated towards a task when they believe that there is fair pay which reflects their contributions toward the achievement of organizational strategic goals. An organization can achieve equitable compensation that drives right behaviors by establishing a pay range that considers the contribution of the individual employees to the organization.

Developing Actionable Plans:

Organizational or business planning is the ongoing process of breeding and implementing ideas. However, one of the most important facets of this process of

...

The first main step of this process is asking questions regarding the entire organization, its managers and employees ("Actionable Business Planning," n.d.). This is followed with the identification of organizational objectives, responsibilities and timelines.

In the process of developing actionable goals, managers determine these objectives, functions and timelines. They also ensure that they have designed a framework for the achievement of these goals and evaluation procedures. On the other hand, in the development of actionable plans, employees have a crucial part in ensuring that they develop strategies that fit into their specific job tasks. Every employee should ensure that they play their part in the accomplishment of the detailed strategic plans. However, the development of these goals should involve both managers and employees to help workers understand their specific job expectations and organizational goals.

Avoiding Pacifying Performance Evaluations:

Performance evaluation or review is an important aspect of performance management since it influences the ability of an organization to accomplish its objectives. However, while feedback needs to be provided and received with eagerness, the provision of on-the-job feedback can be invaluable in some cases. Therefore, it's important for organizations to understand the critical step in avoiding pacifying performance evaluations. This crucial step basically involves ensuring that feedback is provided away from the normal work pressures.

This is mainly because feedback can't be requested for on the spot and it's not a discussion for public forum (Glickman, 2011). Constructive feedback is provided and received behind closed doors to achieve its two principal goals in an organization. These goals are receiving useful, supportive, and actionable response as well as making the process as easy as possible on the person providing feedback. This in turn enables the organization to accomplish two main benefits i.e. improving employee performance and enhancing organizational performance.

Conclusion:

Performance management is an important topic in human resource management that involves more than giving and receiving feedback, ratings and coaching. This is because the process involves collecting 360 degree feedback, encouraging workers to complete assignments, and linking employee goals with the goals of the organization. It also involves creating development plans for employees and rewarding or recognizing good performance.

References:

"Actionable Business Planning." (n.d.). Think Up College of Management and Technology.

Retrieved from Walden University website: http://thinkup.waldenu.edu/management/business-planning/item/11552-actionable-business-planning

"Aligning Performance Plans with Organizational Goals: OPM's Eight-Step Process." (2005,

September). Human Capital Assessment and Accountability Framework Resource Center. Retrieved from U.S. Office of Personnel Management website: http://www.opm.gov/hcaaf_resource_center/assets/Ropc_tool1.pdf

Glickman, J. (2011, July 18). How to Avoid Pacifying Performance Reviews. Retrieved August

5, 2011, from http://management.fortune.cnn.com/2011/07/18/how-to-avoid-pacifying-performance-reviews/?section=money_pf

"Performance Management." (n.d.). HR Council for the Nonprofit Sector. Retrieved August 5,

2011, from http://hrcouncil.ca/hr-toolkit/keeping-people-performance-management.cfm

"Performance Management Overview." (n.d.). Recruiting, Retaining and Honoring A World-

Class Workforce to Serve the American People. Retrieved from U.S. Office of Personnel Management website: http://www.opm.gov/perform/overview.asp

"The Importance of Performance Management." (n.d.). Farm Service Agency. Retrieved from United States Department of Agriculture website: http://www.apfo.usda.gov/Internet/FSA_File/perf_mgmt_09_email1.pdf

"Use Compensation Strategy As a Tool to Motivate Your People." (n.d.). Strategic-Human-

Resource.com. Retrieved August 5, 2011, from http://www.strategic-human-resource.com/compensation-strategy.html

Van Dooren, W. (2011, March 1). Better Performance Management. Public Performance & Management Review, 34(3), 420-433. Retrieved from http://ehis.ebscohost.com/eds/pdfviewer/pdfviewer?sid=fed6ea91-a20e-4aa6-8c8e-f2b8905128dd%40sessionmgr14&vid=2&hid=4

"What is Performance Management?" (n.d.). WiseGeek: Clear Answers for Common Questions.

Retrieved August 5, 2011, from http://www.wisegeek.com/what-is-performance-management.htm

"10 Tips for Conducting 360 Degree Performance Reviews." (2009). Decision Wise: Leadership

Intelligence. Retrieved August 5, 2011, from http://www.decision-wise.com/articles/DecisionWise-Newsletter-10-Tips-for-Conducting-360-Degree-Performance-Reviews.html

Sources Used in Documents:

References:

"Actionable Business Planning." (n.d.). Think Up College of Management and Technology.

Retrieved from Walden University website: http://thinkup.waldenu.edu/management/business-planning/item/11552-actionable-business-planning

"Aligning Performance Plans with Organizational Goals: OPM's Eight-Step Process." (2005,

September). Human Capital Assessment and Accountability Framework Resource Center. Retrieved from U.S. Office of Personnel Management website: http://www.opm.gov/hcaaf_resource_center/assets/Ropc_tool1.pdf


Cite this Document:

"Performance Management Is The Process" (2011, August 05) Retrieved October 24, 2021, from
https://www.paperdue.com/essay/performance-management-is-the-process-43789

"Performance Management Is The Process" 05 August 2011. Web.24 October. 2021. <
https://www.paperdue.com/essay/performance-management-is-the-process-43789>

"Performance Management Is The Process", 05 August 2011, Accessed.24 October. 2021,
https://www.paperdue.com/essay/performance-management-is-the-process-43789

Related Documents
Performance Management I Question 1.Explain
Words: 3130 Length: 9 Pages Topic: Business - Management Paper #: 17858905

The evaluation of work performance of employees is a technical process which is comprehensively, systematically and continuously carried out by the immediate superiors. The evaluation is conducted to identify attitudes, job performance and behavior of the employee during the performance of their duties and functions. The evaluation is done at all levels of the organization starting from the top to bottom. One of the most common uses of the performance

Performance Management an Overview and
Words: 1797 Length: 7 Pages Topic: Business - Management Paper #: 88803361

Again, the performance appraisal instrument will serve as the beginning and the end of the performance management system, providing both instruction and measurement of performance along the lines specifically devised by the management of the Cobran Medical Institute (Heathfield 2010). Such a custom-tailored system cannot help but make the Cobran Medical institute's strategic objectives more easily achievable. Conclusion Issues of appraisal instruments, training and development, and remuneration all have significant bearing

Performance Management Systems
Words: 1983 Length: 5 Pages Topic: Business - Management Paper #: 40394022

Performance Management Systems The Paradox of Performance Management Systems And Their Effect on Corporate Performance Performance Management Systems including annual performance reviews are only as effective as the contextual relevance and insight of a manager or leader into how to create greater alignment of personal and professional goals of an employee. The continued evolution of performance management systems provide a useful index of how management and leadership theories have progressed beyond obvious measures

Performance Management Total Quality Management
Words: 2990 Length: 8 Pages Topic: Business - Management Paper #: 2851150

In addition, the system-based reasons of functioning are the duties of management to rectify. No quantity of concern or talent in workmanship can conquer fundamental errors in the system. TQM proponents have been swift to censure performance assessment methods which are based on the supposition that the individual employee is chiefly in control of his or her own performance level. (Designing Performance Management Systems for Total Quality Implementation) Hence Deming

Performance Management: Implementing an Effective Performance Management...
Words: 783 Length: 2 Pages Topic: Business - Management Paper #: 2713555

Performance Management: Implementing an Effective Performance Management System Why Performance Management? Performance management is the organized method that companies use to monitor the results of work activities, to measure and evaluate the performance of the employees, and to ensure that goals are met in an effective and efficient manner. According to Pulakos (2009), performance management is a key process that ensures that work gets done; and it is used by different organizations

Performance Management Theories and Practices: Course Application
Words: 645 Length: 2 Pages Topic: Business - Management Paper #: 92874195

Performance Management Theories and Practices Performance management is a continuous process by which an organization identifies, measures, and develops the performance of individuals. It aligns their performance, the resources and systems with the strategic goals of the organization. According to Leeuw and Berg (2011), companies that apply performance management practices generally perform better than those that do not. The course has covered important performance management theories and practices. One key lesson learnt,