Definition Of Performance Management
Performance Management refers to an overall system that has the ultimate purpose of making employees more productive. The latter, thanks to the implementation of this methodology, have a better understanding about the tasks they need to perform as well as the goals and the targets they have to meet.
Breaking Down Performance Management
Analysts have conceptualized this topic in a lot of different ways, depending on the context you are framing it.
In a traditional and business perspective, though, it refers to the relationship between employers and employees. Ideally speaking, an efficient organization always has to assert its principles, mission, culture and goals. This way, it points to a definite direction and it creates a stable and solid environment. Nevertheless, this is not enough. As a matter of fact, an organization consists of people. The latter have to be educated and trained, in order to be acquainted with the internal dynamics and culture. Once this is all set, a one-to-one meeting with your supervisor to define your tasks, goals and target is essential. This way, an employee can rely on a pattern that will eventually help him be more productive and efficient.
In conclusion, a good strategy encompasses five essential steps:
- Define corporate mission: the culture and the vision of the organization must be perfectly clear in the eyes of the new employee.
- Identify goals/objectives: the supervisor and the employee need to sit down and decide upon the main objectives when it comes to initiate e project or define the employee’s overall job.
- Elaborate strategies: the second step is about the operational decisions that the employee will need to take to meet his targets.
- Constant monitoring/communication: in this case, for a project to be successful, it is essential that the employee and the employer are constantly in touch to monitor the progresses and take instant action if something goes wrong.
- Measure the results: the final step consists of the assessment of the employee’s performance through KPI’s originally defined.