The advantages of performance management
You have to agree with the fact that
organizations which do not have a good performance management system in place,
can have a negative impact on both the employees along with the managers. If
there is a well deserved performance management in place it is rewarding for
both the employee as well as the management.
Does encourage performance based
conversions
Managers are so busy with their routine work
that they miss out on the opportunity to interact with the staff which helps
them to understand things better. It forces them to discuss the performance
issues with them at the same time. This encourages positive employee
development
Staff development
All employees are on a development journey and it is the responsibility
of the organization to drive them towards the summit of success. If the
performance management system is done in an effective manner, it will formulate
better work opportunities and translate the potential into success.
Staff is rewarded and encourage
Performance appraisal is the celebration of
all the wonderful things which a staff has done over the course of a particular
year. It should encourage them and there should ne no surprises if issues they
addressed are not dealt in the annual review meeting. The focus should be on
what the employee is doing well.
When pay rises or bonus are linked to the
performance appraisal process, there is a direct correlation that is
established between the performance in relation to financial rewards. This does
encourage the employees to give of their best
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