The Performance Management System Business & Marketing Essay

Evaluate the contribution of the performance management process to promoting challenges, capability or recognising and rewarding talent.
Include your own examples but ensure you reference the key principles e.g. fairness, reasonableness, equity and meritocracy.
LEARNING OUTCOME 2: Understand the contribution of performance management to high levels of performance and the role of line managers in the process.
Main stages: objective setting, performing and developing, performance review.
Role of line managers: line manager involvement in the high-performance management
journey; the role of development reviews (appraisal) in managing continuous personal
development; the role of the line manager in coaching, counselling and mentoring; the
use of personal development and performance improvement plans; the role of
performance review meetings; evaluating the use of targets, self-evaluation, 360-degree
feedback and discipline; improving performance with financial and non-financial
rewards; monitoring and mentoring of line managers in the performance management
process to ensure equity.
Contribution of participants: the contribution and roles of participants in the performance
management process, that is, HR specialists, line managers, team members and
individual employees; the range of HR levers that can be applied in delivering business
performance and continuous improvement; the continual performance management
cycle; performance planning, managing expectations, agreeing objectives and
measuring assessment; linking individual and team performance to organisational
performance, for example the balanced scorecard; the contribution of the performance
management process to promoting challenges, capability and recognising and
rewarding talent differentially according to performance in an equitable, reasonable and
a) meritocratic way.