This website uses cookies to ensure you have the best experience. Learn more

Performance Essay

3474 words - 14 pages

Abstract
When considering performance management, much of the discussion centers on the elements of a performance plan such as the work plan or the performance appraisal. Important as these and the other elements of measuring performance are, they do not speak to the development of the Performance Management System (PMS). This paper will address the multiple factors that come together to create the PMS. Special attention will be given to the means by which an organization communicates its strategy and combines it with performance management and development as a means of establishing an innovative workforce and brand based on sound, ethical practices.

...view middle of the document...

In most cases, the PMS will address three standard phases where HRM set the basic expectations for employee performance; express these expectations through performance reviews maintaining a dialogue between supervisor and employee to keep performance on track, and the actual measurement component that ties performance to contribution and compensation (Maley, 2011)
Though the basic functions of performance management can provide the foundation for about any PMS within most fields, the description thus far does not address the underlying rudiments of the bigger strategy; the strategy behind the strategy so to speak. Breaugh (2011) clearly demonstrates with his research that in order to implement a sound performance management system Human Resource managers’ must have a process in place to identify and promote exceptional talent. Understanding of the process segments and the science behind them will provide HR managers with the tools to make accurate promotion decisions (p. 275). Additional research supports Breaughs’ (2011) model. Stahl et al. (2012) provides a very comprehensive study of talent management that addresses the deeper strategic elements of performance management. Six principles of talent management are addressed in order to provide a template HRM’s to follow in the development of PMS’s. Of the six principles a select few specifically address the innate origins in the strategic development of performance management. The alignment of talent strategy with business strategy; global talent management systems and practices in the system that support each other; performance management as a critical part of organizational culture; involve and encourage senior leaders and managers at all levels to participate in the talent management process (Stahl et al., 2012).
As this paper moves forward an evaluation of practices related to human resource development theory and performance will be expounded upon in such a manner that the whole of HR theory will be considered in the development of performance management. This will further address the practices engaged to cultivate an organizational climate based on honest brokerage of talent development and adherence to a culture of innovation.

Strategic Imperatives
A fully realized PMS is a holistic process bringing together many of the elements that make up a successful talent management system which incorporates, in particular, individual and organizational learning and development. It is this very reason that performance management systems are complex and often misinterpreted (Rousseau and Barends, 2011). Because learning styles and aptitudes differ, HRM has to ensure that every participant is certain of the meaning and direction of strategy. In her study on strategy and performance, Maley (2011) defines performance management as a process which contributes to the effective management of individuals and teams in order to achieve high levels of organizational performance. As such, it...

Other Essays Like Performance

Performance Measures Essay

664 words - 3 pages Performance Measures Performance measurement is a fundamental building block of TQM and a total quality organisation. Traditional performance measures, based on cost accounting information, provide little to support organisations on their quality journey, because they do not map process performance and improvements seen by the customer. In a successful total quality organisation, performance will be measured by the improvements seen by the

Performance Management Essay

1869 words - 8 pages Performance Management in the Public Sector Public sector organisations may have the most ambitious plans for transforming services and delivering against government targets, but if they don’t keep day-to-day activities tightly aligned to what actually matters, they’ll find themselves getting nowhere fast. About This Survey The Advanced Performance Institute (API) research project, Strategic Performance Management in Government and Public

Performance Review

1270 words - 6 pages Performance Review Takes a Page from Facebook Successful businesses have conduct performance management reviews with its employees. This can be done annually, semi-annually, monthly or even more frequently. The purpose of performance management reviews are to evaluate employees on a standard scale, encourage communication and feedback between managers and employees and also advise tope performers at a company that they are valued and

Performance Management

1219 words - 5 pages Performance management, often referred to as PM includes various activities in which ensure that goals are consistently being achieved in an efficient manner. Performance management tends to focus on the performance of an organization, an individual department, an employee or set of employees, or even a product, process or service, as well as many other areas. A strong performance management framework is essential to the success of any business

Performance Management

1535 words - 7 pages is the performance management recommendations for the Commercial Construction company. The recommendations take into consideration the move from Michigan to Arizona with a 20% increase in employees, an annual

Performance Appraisals

843 words - 4 pages Performance AppraisalsPerformance appraisal is a tool used in organizations to evaluate performance of employees. It is one of the most common techniques used in today's workforce that assists in taking decisions for compensation increases. Many organizations use a variety of performance appraisal methods to evaluate their employees' performance. The outcome of performance appraisals often lead to rewards, benefits and promotions. Falcone and

Performance Appraisals

1231 words - 5 pages PERFORMANCE APPRAISALS Performance appraisals are very important in ensuring the success of a company. They offer information and feedback that can be used to improve the performance of employees and the operations of a company. An effective performance appraisal can assess the current abilities, skills, and knowledge of an employee, and can show needed areas of improvement. The performance appraisal results can have a huge impact on the

Performance Measurement

2782 words - 12 pages Introduction When a procedure, a model, an approach, a case study, or other research is undertaken, generally some measure of the system's performance is presented and perhaps analyzed. A large number of different types of performance measures have been used to characterize systems, particularly production, distribution, and inventory systems. Such a large number of available performance measures makes performance measure selection

Performance Management - 880 words

880 words - 4 pages Performance Management Performance management (PM) systems are created to evaluate and develop the performance of an employee within an organization, ensuring their performance is aligned with the strategic goals of the organization (Aguinis, 2013). PM systems should meet certain criteria to ensure that the system is helping the organization by motivating the employees and providing feedback to increase performance. If implementation and

Performance Measurement

611 words - 3 pages Armco, Inc.: Midwestern Steel Division Armco Inc. is a steel manufacturer that used to be the sixth largest in its industry in US (in 1990). The Kansas City Works within its Midwestern Steel Division was hit by the decline in the business in the US steel industry despite its good performance in the past. Consequently, it downsized and incurred significant losses in most of the 1980s. This entity produces two primary products including grinding

Financial Performance

3575 words - 15 pages Analysis of determinant factors of a company’s performance Author: Gabriela Loagă Abstract: The purpose of this paper is to present the concept of performance and to identify the methods to measure the performance, in the attempt to answer to one question: which are the factors that determine the performance of a company? More specifically, I have tried to determine the extent to which accounting information contained in financial indicators

Related Papers

Performance Essay

863 words - 4 pages Abstract Human resourcing has become one of the most important parts in organizations in the world of knowledge economy, since whether an organization could success depends on that how its employees performed. Therefore, performance management is drawing more and more attention. Because performance management is not just the appraisal of performance, it also provides incentives to improve the performance of employees. DHL is the world’s

Performance Management Essay 1436 Words

1436 words - 6 pages  Landslide Limousine wants to maximize its efficiency and effectiveness through the performance management system that is available to them. The performance management plan can help identify and direct the needs, the wants, the obstacles, or the uppermost characteristics of any employee. According to Cascio (2013), one can think of performance management as a kind of compass, one that indicates a person’s actual direction as well as a

Performance Measurement Essay

5367 words - 22 pages Performance and Performance Measurement in Conventional Accounting and Finance System INTRODUCTION All organizations whether profit oriented or non-profit ones are destined towards achievement of some predefined goals and targets. These goals, which are set by the management as very specific purpose for the existence of the organization, act as standards against which actual performance of the organization is later measured

Performance Measurement Essay 1070 Words

1070 words - 5 pages Performance Measurement Linda Tate MGT/437 April 21, 2014 Michael Koma Performance Measurement Performance measurement is an essential part of the company; it provides a stage for managers and supervisors, as well as, the performance of its employees. It helps them determine whether or not employees are meeting the company’s expectations. Performance measurement methods differ according to the work surroundings, such as, the