24-11-2012, 02:28 PM
Performance Management System
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Performance Management System
It is an organization - wide management program that provides a structured approach to:
Communicate business strategy
Establish a shared understanding of what is to be achieved and how it is to be achieved
Facilitate management of self and others
Measure and motivate performance
(organizational and individual)
Performance Management
A management process for ensuring employees are focusing their work efforts in ways that contribute to achieving the agency’s mission. It consists of three phases: (a) setting expectations for employee performance, (b) maintaining a dialogue between supervisor and employee to keep performance on track, and
© measuring actual performance relative to performance expectations.
WHY MEASURE PERFORMANCE
What you cannot measure you cannot improve.
If you cannot improve you cannot grow.
Measurement helps in objectively differentiating between performers and non performers.
Pay for performance is possible only through
metrics.
Objective of PMS
To confirm the services of probationary employees upon their completing the probationary period satisfactorily
To check the effective & efficiency of individuals, teams & organization
To effect promotions based on competence and performance
To access the training and development needs of the employees
To decide upon the pay rise
PM can be used to determine whether HR programmes such as selection, training, and transfer have been effective or not.
HIGHLIGHTS OF THE SYSTEM
The appraiser and the appraisee jointly set the Key Result Areas (KRA’s) and assign mutually agreed weightage expressed as a percentage
Simple mathematical relationship between set weightage and accomplishment gives a final numerical score on KRA’s
To evaluate all management personnel on company values and leadership attributes a new section has been added entitled “Values in Action”