Asynchronous: As managers, a key part of our job is performance evaluation and feedback. Please explain performance management; describe the elements, which you believe are the most important.
Review the posts of Student in class and post a review or discussion post expanding or discussing the material that was posted by the students.
Student 1
Performance management is the process of communicating the standards and expectations of employee performance. Managers should clearly set task, while observing and providing feedback to employees, so the employee clearly understands his work objectives. Managers will develop a performance plan for employees to achieve specific results that will create organizational growth, as well as employee personal growth. Coaching and feedback from managers informs employees how their performance compares to the present standards of the organization.
The most important elements for performance management include employee feedback and coaching. Employees need to get constant feedback from managers to understand how their performance measurers up to the goals set by the organization. Employees need to understand if they are performing below, or above standards, and know where they stand in reference to their short term and long term goals. Management coaching will allow you to communicate and help guide the employee to meet performance objectives. Coaching also creates a work environment that motivates, supports, and creates personal development to reach individual employee goals
Student 2
Performance Management
Performance Management (PM) happens to be a word that's used to convey the processes of the organization. It helps to ensure that their employee (s) know the level of performance that's expected from all employees in their roll. PM also gives individual (s) objectives that will help them achieve other objectives that will help them get their job done successful.
You will find out that some small organizations will not have a PM in place and this isn't uncommon. Depending on their business nature and needs, a PM process may not be needed to run their business. In this manner, the goals of the employees are conveyed and agreed upon between the manager and the employees instead. After the 30 or 90 day probation period the employee (s) will be aware of what's expected of them and the objective and goals they will need to obtain in their roll to make sure they are excelling in their job duties.
Overall, the Performance Management process is to make sure that all employees are doing what's expected as they carry out their job functions. As stated above, it's not uncommon for small business to have such system in place, as for larger organizations; they will have a PM process in place. Large companies and organizations will have more goals and expectations of their employees, which is why a PM process is in place which allows their employees to be satisfactory and effective in the job duties while helping contributing to the organizations overall business and its objectives.