HR Performance Management System (PMS) (PowerPoint PPT)

HR Performance Management System (PMS)

Lecture Outline
1. Problems and Possible Solution in Performance Management
2. Performance Management in Practice
3. Model of Performance Management in Organization
4. Designing an Effective Performance Management System
5. Contamination and Deficiency of a Job Performance Measure
6. Categories of Perceived Fairness and Implications for PMS
7. Performance Measure Criteria
8. Approaches To Measuring Performance
9. Management by Objective (MBO) Performance
10. Evaluation of Approach to Performance Measurement
11. Ways to Manage Employees Performance

Performance management system is the systematic approach to measure the performance of employees. It is a process through which the organization aligns their mission, goals and objectives with available resources (e.g. Manpower, material etc), systems and set the priorities.

In today's global environment where the market is evolving at a very fast pace, it is important for an organization to understand the benefits of performance management. Therefore, managing employee's performance is the ultimate need of an organization. The employees are considered as an asset by the organization. The performance management system serves various benefits to the organization, which are as follows:

1. It supports to provide data to find the skills and knowledge gaps of employees in order to improvise them through training, coaching and mentoring systems.
2. It motivates employees to take new challenges and innovate through structure process.
3. It provides new opportunities to employees for their growth and development in their professional careers
4. It defuses the grievances and conflicts among team members through proper performance evaluation system.
5. It assesses the employee's performance fairly and accurately against the performance targets and standards.
6. Employees would enable to provide better results because of clarity on their performance targets.
7. Performance management system provides the platform to discuss, develop and design the individual and department goals thorough discussion among manager and their subordinates.
8. The under performer can be identified through performance reviews and can raise their skills levels objectively. It quantifies the learning needs through individual development plans or performance improvement plans as well.