What is Performance Management?
Performance management is a crucial strategy that focuses on the tasks that employees perform, how they behave during the execution of those activities and the results generated from them, so as to create a work environment where everyone can develop their skills, fully and satisfactorily
In this way, organizational performance management is configured as a process, where each daily activity is a chance for advancement. Thus, the capabilities of this management go far beyond periodic punctual evaluations, because the analysis is carried out on a daily basis, giving the manager greater control and an accurate view of the performance that every employee presents.
The fundamentals of performance management are found in the following characteristics: evaluation, monitoring, control, planning and improvement. Being an excellent way to know how to measure employee productivity and also to increase it, aiming at retaining talent within the company.
Therefore, performance management in companies proposes to make a link between individual and group performance, their results and a gratification for them, generating more satisfaction and motivation to the worker .
It is worth remembering that the goal here is for all employees to enhance their skills. that is what makes a healthy and productive company!
With this in mind, it’s important to keep in mind that performance management is closely related to the company’s principles and culture, and it’s important for the company’s organizational objectives to be gradually achieved, through a rise in overall performance in all. the sectors.
What is Organizational Performance Management?
Organizational performance management may be a facet of administration and business whose main objective is to unify any and all tasks that are performed within an organization, in order that productivity and staff are optimized.Thus, there’s a strong importance of key performance indicators related to all activities.
Performance management may be a process that aligns organizational goals with joint personal growth related to the tasks performed by employees. Finally, the union of the 2 concepts enhances the reach of business purposes.
A clear example of tools that promote performance management is QRPoint, which has several features integrated into one system. With it you’re able to keep all your HR processes organized and optimized.In addition, with all tasks united in one place, the HR sector is in a position to focus on the main source of growth for companies: the people in the organization!
So, with such an excellent possibility of increasing productivity, you want to be wondering what precisely the role of task management is , so check it out below!
How does Performance Management become a plus for your company?
In principle, having a tool that unifies tasks makes employees better understand their responsibilities within the organization.
On the opposite hand, managers know precisely the strengths and weaknesses of every employee and, consequently, employees are and feel motivated to enhance their performance in the company.
Another advantage of Performance Management is the recognition of talents within the company itself, which finishes up becoming easier when perceiving the individual development of each employee.
Even so, one among the strengths of performance management is the strengthening of the company’s values, people who are involved with the organizational culture .
In this sense, when the company’s culture is known , like mission, vision and values, it’s much easier to perceive problems from an early stage, identify future problems and avoid them through an early diagnosis.
In addition, this tool allows for a strengthening of the solid base to stipulate all performance goals and also brings improvements and precision in the planning of hiring and selection processes.
Undoubtedly, performance management is one among the factors responsible for reducing employee turnover. Anyway, the gains are numerous and do not stop there, after all, the most advantage sought is the improvement of the company’s general performance, beyond just profit.
Therefore, another important aspect measured through performance management is its ability to stay in the market generating profit in the future.