HR PERFORMANCE MANAGEMENT SYSTEM

Performance management is a continuous process of identifying, measuring, developing the performance of individuals and teams aligning performance with the strategic goals of the organization. While, performance management system are usually entirely internal to the organization, but data must be linked to several other system including rewards, staffing, training, and development, and career development.

 Nowadays, HR performance management emphasizes a focus on decision-making and accountability at the level where the work is done, the development of a service that reward team performance and incorporation of action. Because based on globally followed HR practices and principle, this performance management system provides right tools to engage employees in productive work, help employee to achieve their goals, bringing their objective and transparency in employee evaluations, manage employee trainings and manage compensations, promotion and also their careers.Performance management is one of the areas connected to others such as ;

·         Recruiting (external)

·         Staffing (internal)

·         Career management

·         360^o assessment

·         Development management

·         Retention management

·         Workforce planning

   Besides, the effectiveness of a performance management system can be measured in the improvements it makes to company productivity and employee retention. When an understanding the ways in which an employee performance management system is effective will assist you in developing a comprehensive monitoring plan. Moreover, using a performance management system also can help companies provide extrinsic motivational factors for employees. These motivational factors will ensure that employees increase their productivity levels when completing job functions in hopes of a future reward. Companies may also fell experience better employee morale when offering rewards to an employee under a performance management and appraisal system.

A performance management process sets the platform for rewarding excellence by aligning individual employee accomplishments in the organization. With the organization’s mission and objectives and making the employee and the organization must understand the importance of a specific job in realizing outcomes. By establishing clear performance expectations which includes results, actions and behaviours, it helps the employees in understanding what exactly is expected out of their jobs and setting of standards help in eliminating those jobs which are of no use any longer.

Performance management system is important because without this system the success of hiring strategies is unknown and similarly, their need for training and development also unknown. There is also support the translation of corporate strategy into individual performance plans.

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References:

1.  Flowers,L.A.,Tudor,T.R., &Trumble , R.R.(1997)Computer assisted performance appraisal system.Journal of compencsation and benefits.
2. Diane Arthur.(2001) Fundamentals of HRM 4^th edition.Arthur Associates Management Consultant Ltd.
3.  http://www.ehow.com/about_6659099_performance-management-system
4. http://www.accel-team.com/human_resources/hrm_02.html