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Performance Management

Performance management aims to align individual employee performance with long-term organizational goals. It focuses on cultivating desired behaviors over short-term outcomes. The key components of a performance management system include performance planning, improvement, appraisal, feedback, counseling, and rewarding good performance. Key performance indicators are metrics derived from an organization's strategy that link goals to individual actions. 3M's performance management in India assesses employees on six leadership attributes. The future of performance management is proposed to focus on ongoing dialogue, greater employee engagement, a systems approach, delinking ratings from rewards, new technology, and shifting focus from past to future.

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NB Thushara Harithas
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65 views

Performance Management

Performance management aims to align individual employee performance with long-term organizational goals. It focuses on cultivating desired behaviors over short-term outcomes. The key components of a performance management system include performance planning, improvement, appraisal, feedback, counseling, and rewarding good performance. Key performance indicators are metrics derived from an organization's strategy that link goals to individual actions. 3M's performance management in India assesses employees on six leadership attributes. The future of performance management is proposed to focus on ongoing dialogue, greater employee engagement, a systems approach, delinking ratings from rewards, new technology, and shifting focus from past to future.

Uploaded by

NB Thushara Harithas
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© © All Rights Reserved
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Presented by: Bindu Thushara.

N Date: 20-04-2013, IGTC Bangalore

INTRODUCTION TO PERFORMANCE MANAGEMENT


Performance management is about enabling long-term, sustained business performance. Ensures that individual performance is aligned to long-term organizational interests Expands the view of performance from a short-term goal or outcome achievement perspective to a longer term focus on cultivating and embedding desired behaviours for competitive advantages. Performance management as a means of driving positive behavioural change.

COMPONENTS OF PMS
PERFORMANCE PLANNING PERFORMANCE IMPROVEMENT PERFORMANCE APPRAISAL AND PLANS REVIEWING PERFORMANCE APPRAISAL FEEDBACK ON THE PERFORMANCE FOLLOWED BY PERSONAL COUNSELING AND PERFORMANCE FACILITATION. REWARDING GOOD PERFORMANCE

KPI-KEY PERFORMANCE INDICATORS


KPIs are metrics that link organizational vision with individual action. Strategic Process has vision at the top and actions at the bottom, in the middle you find the KPIs that have been derived from the strategy, objectives, and critical success factors of the organization.

3M, INDIAS PERFORMANCE MANAGEMENT


3Ms performance management philosophy rests on six leadership attributes on which the employee is assessed.

THE FUTURE MOVE


Proposed for performance management in the days to come based on changing workforce expectations and recent research on motivation and rewards theories Focusing on on-going performance dialogue Greater employee engagement in the process Taking a systems approach to performance management Delinking annual performance ratings from rewards New technology and process modifications Shifting the lens from the past to the future

THANK YOU..Any doubts?

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