Performance Management System

Performance Management System

The Performance system is the function of Human resource management which is started when a new employee join an organization and remained up to the time till he quit the organization. In the Performance management system, the performance of the employees was analyzed time to time. Through the Performance management system,  the overall process of the organization will be improved by adopting various techniques and methods.

The main objective of the employee Performance management system is to

• Improve the knowledge of the employees
• Let the employees how to use the strategies in a particular situation to complete their task efficiently.
• Boost the confidence of the employees by motivating them, encouraging them to work enthusiastically and take necessary steps to do the task at the right time.
• Promote the two-way communication process as the employers help their employees about how to set their goals and the tactics to achieve those goals which lead interaction between the supervisor and the employees.
• Resolve the barriers came into the path of growth and development of the organization as well as employees.
• Perform the various functions of organization like recruiting, planning, training and development all are organized by the HR management
• the growth of the employees increases which lessens the employee-turnover

Components of the Performance management system

The components of the Performance management system are as follows:

• Planning- Performance planning is very first step which is used as the basis for the every management activities. The first function of management is planning in which they collect the ideas and make the deadlines that how to achieve the goals etc. This action is performed by the both reviewee as well as the appraisee in the beginning while planning. The employer decides the key performance areas and the targets within the Performance budget.

• Performance appraisal- In the end of mid and annual of the year, the performance appraisals is done to take necessary actions. In the Performance appraisal system, the employee itself evaluate their performance and then the performance of that particular employee is appraised by the respective employer. Firstly, the ratings are given by the employee to himself and then there is another checklist in which the rating is given by the employer. Both the rating reports will be analyzed and the final report tells about the actual performance of the employee and development needs of the employee is also identified.

• Rewarding system -  After analyzing the performance of the employee the bonus and incentives are provided to the best employee in the particular department.

The Performance management system is the important part for the growth of the organization. The HR is the very vast subject which can be understood only if you will get the HR training in Chandigarh which is best provided by the best institute which is CBitss technologies. The concept of the HR will be crystal clear to you.