Performance management systems are the actions that a business company takes to facilitate in the attainment of individual and corporate goals. The systems enable the organizational management to track and monitor the performance of the individual employees. The performance management systems are implemented through listing the areas of accomplishment, the goals and the objectives and the individual development plans. The general goals of the performance management system include the specific, the measurable and the realistic goals that are implemented within the specified timelines.
The performance management system fits into the strategy of the company in the sense that it is integrated into the corporate goals of the business organization. The strategic plan at the business organization is to strive towards creating a taskforce that works in achieving the corporate goals. This implies that the performance management system fits into the strategy of the business organization through implementation of the employee training programs. It is also evident that a good communication plan describes the benefits of implementing the performance management system for all the participants.
Delegate your assignment to our experts and they will do the rest.
The performance management process involves engaging the employees in meetings, description of the purpose of each meeting and when the decisions about the meetings will be made. The meetings will take place at the business premises, where they will be carried out for two weeks with each meeting lasting for four hours in a day. The main agenda of the meeting will be the how to improve the skills and tools of training of employees and how these skills can be applied in the cultivation of high levels of performance.
The responsibilities of the management team are to come up with a communication plan that includes information on the roles and responsibilities of each person involved at each stage of the process. The employees will have the responsibility of ensuring that the communication channels such as the mass media platforms are working, while the supervisors will have the responsibility of ensuring that they develop the communication channels with the employees. Consequently, the performance management system is related to other initiatives in the sense that it will act as the foundation for evaluation of the initiatives such as training, promotion and succession plan. The performance management system will be developed to ensure that the related initiatives such as training and promotion are fair, reliable and consistent with the set corporate strategy within the business organization.
