A Guide to Performance Management

Performance management is a process that provides both the manager and the employee the chance to determine the shared goals that relates to the over all goals of the company by looking into employees performance.Performance Management establishes an outline for employees and their performance managers to evaluate and to come to an agreement on specific issues and aims that are in accordance with the overall structure of the company. This enables both parties to have clear objectives that would help them in their work and their professional growth.

The unity of learning and performance management creates an opportunity to identify and prescribe ways to better develop critical talent. By integrating learning and performance, organizations can more easily identify workforce styles in a more predictive manner, target organizational capability gaps, and enhance connections to build alignment with the business needs.When it comes to retaining critical talent, managing succession plans, and giving employees the skills they need to succeed, learning management and performance management processes need to converge.

Nowadays, great significance is being given to Performance Management, as companies incorporate them in their effective management strategies. However, a lot of people find this process a complicated one, mostly because of the many options that it offers - on the organization, a specific department/branch, a product or service, and employees, among others.In order to minimize this misunderstandings, the items below will give you a general idea of what Performance Management is all about as well as the activities that are involved in this process.

When performance management is programmed and tied into the learning process, organizations and employees alike are more likely to buy into the built-in development plan. The development plans align directly with the organization's goals and are therefore linked to the company's overall strategy. Employee engagement in prescribed learning is certain to improve when employees see how this development ties directly to their performance evaluation and merit considerations.Performance management tools help the learning group systematically develop an organization's critical talent. They can complement generic leadership development programs by helping to account for roles, flight risk, and potential.