Prerequisites of Performance Management

Prerequisites of effective performance management are as follows: 1. Clarity of Organisational Goals: Managers need to clearly and precisely lay-down the organizational goals and objectives and ensure that these are well-informed to the managees and other employees and make them …

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Principles of Performance Management

The various principles of performance management are discussed below: Translation: The translation or conversion of corporate objectives into the team, departmental, divisional, and individual objectives is done with the help of this principle of performance management. Integration: In order to …

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Performance Management Cycle

The performance management process is a continuous cycle, usually consisting of three elements, as shown in the figure below. Performance Planning Performance planning means setting performance expectations and goals for groups and individuals to channelize their efforts towards achieving organizational …

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Objectives of Performance Management

The main objectives of performance management are stated below: To facilitate the employees to achieve higher levels of performance. To help the employees determine the various required skills and knowledge to work efficiently. Thus, the focus of the employees is …

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Features of Performance Management

Following are the various features of performance management: 1) Ongoing Process: Performance management is an ongoing process? Rather being a yearly exercise that involves continuous monitoring and feedback from employees. Further, employees should be involved in performance management at various …

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Meaning and Definition of Performance Management

The systematic process that can be employed to improve the overall performance of an organization by enhancing individual performance within the framework of a team is called Performance Management (PM). This process can be seen as one of the most …

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