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Pages:
4 pages/β‰ˆ1100 words
Sources:
4 Sources
Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 17.28
Topic:

Components of Performance Management Systems

Essay Instructions:

Assignment Description
Senior leadership is requesting an executive summary from human resources that will help them understand the components of the performance management system at Matrix . This must be written as a brief that informs the senior leaders at Matrix so they can make strategic decisions. You must reinforce the importance of performance management for employee growth and demonstrate the value that can be gained when managing employees.
As the leader of this project for human resources, you will be required to prepare the executive summary that will include the following information:
What are the components of a performance management system?
What factors do managers need to succeed in an effective performance management system?
What factors do employees need to succeed in an effective performance management system?
Please submit your assignment.

Essay Sample Content Preview:

Performance Appraisal Systems
Institution
Course Number and Name
Instructor’s Name
Date
Student’s Name
Performance Appraisal Systems
Components of Performance Management Systems
Performance management refers to the consistent process of enhancing performance by setting individual and team goals. The goals must be in alignment with the strategic plan of the organization. Researchers have established that the most plausible way to ensure consistency is by implementing an effective performance management system (Sajid Hussain Awan & Shaheryar Naveed, 2020). Some of the components that an effective performance system should have include planning, appraisal, feedback, improvement, and reviews.
Performance planning refers to a systematic approach geared towards the successful achievement of personal or team goals. It is worth noting that when structuring a plan, it is crucial to factor in the overarching objectives of an organization. In addition, an effective performance plan should be easily understandable and implementable. As important, it should accurately outline the performance of employees. An effective performance plan also outlines the responsibilities the management expects employees to perform every day. It also clearly defines the desired goals that they must achieve in a given period. In addition, it helps to identify the competencies of individuals and build on them. In a word, performances plan monitors and measures the results of individuals throughout the year.
The second component is an appraisal. In the past, many appraisals tended to focus on the deficiencies of employees, which proved counterproductive. The best approach, therefore, is to employ a strength-based evaluation. This focuses on identifying, appreciating, and developing the qualities of employees in consistency with an organization’s goals and objectives. A strength-based appraisal makes employees feel valued and supported, which, in turn, motivates them to scale up their performance (Woerkom & Kroon, 2020). In addition, such appraisals reduce tensions between supervisors and their subordinates. As important, evaluation involves rewarding outstanding employees to enhance performance.
The third component is feedback which goes hand in hand with personal counseling and performance facilitation. Since feedback immediately follows appraisal, the appraiser informs employees of the areas they need to develop. In addition, the appraiser makes an incisive analysis of employees’ performances and provides information on whether their performance aligns with the desired performance levels. Feedback is crucial because employees get honest information regarding their performance. This helps them identify the kind of training and development they require to perform at the required levels (TutorialsPoint, n.d.). That is followed by mentoring and counseling to help employees have the right mental frameworks and enhance competencies.
Feedback is followed by performance improvement plans. This involves defining a new set of goals for the employees. It also outlines the time frame within which to achieve them. Improvement plans explicitly point out the areas that employees need to improve. In addition, the appra...
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