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SUMMARY of Managing Employee Performance Srikari - 191363
SUMMARY of Managing Employee Performance Srikari - 191363
Week-1
1.1 Developing performance management system includes the following topics and they are
explained as follows:
Linking performance management to financial out-comes:
Performance management is the single contribution to organizational effectiveness. If
performance management is ignored, they fail. Their will be greatest people in the organization,
but they are not developed properly their will be waste of organizational money.
Successful HR and performance management equals return on investment. Good
performance management first looks at what employees have. Like they look at
knowledge, skills, abilities, and competencies do they have or not. And look at What
were they hired with, and how can we help them develop those? We'll also look at some
of the motivations, commitment, engagement of the employees. With good performance
management, the organizations have better task behavior, they're better at their jobs, and
they will do extra work at the organizations. So, there will no attendance turnover and no
bad attitudes by the employees.
To have performance more effectively we need to have more systems and strategies.
They have to operate in sync for a successful performance management and successful
organizational performance. Alignment will give us better employee satisfaction, better
customer satisfaction, higher productivity, more growth of employees and the
organization, higher revenue, profitability, and ROI.
Culture and performance management – A global perspective:
Key principles of culture and performance management:
The need to align individual, team, and organizational goals to maximize performance of
your individuals and teams in your organization.
Providing clear expectations, feedback, and support is another area that will cover a lot
that has little to do with culture and mostly about the manager-employee interaction.
Differences by the culture:
There are some of differences they are the culture of the country, unionization will
impact on how to approach to the performance manager
Their will be difference by the government structure and the last on is legal environment
Some of the legal environment are like individualistic and collectivistic
The individual culture says about that performance management is based on individual
goal more than team goals or the corporate goals.
In the collective culture the organization will tend to follow the principles with teams
rather than individual or combination of both. But both of these will affect the
organizational processes
Performance management fundamentals:
Key difference of performance management and the performance review
The performance management is about the organization and performance management is
about the individual and they have difference and they are: -
Performance management Performance review
Performance management is strategic approach Performance review is an operational approach
It is driven by managers It is driven by
It is dynamic It is looking back about the performance like
On -going feedback is used about the individual development
It is assessing to organizational strength and it Annual feed-back is given
is key for performance management It is assessed to induvial strength.
An Opportunity for organizational Opportunity for individual development
development It is always focusing on rating.
It focuses on performance and growth of the
organization.
Understand the impact of purpose of performance management:
1. Alignment: All employees and employers feel like their performance matters. Alignment
is crucial to make sure employee know that their performance matters. And give them a
sense of meaning.
2. Develop and grow employee: here employer want to develop the people skills and their
knowledge and their abilities so that they can do their current job better
3. Provide data: provide data for the workforce planning, training, development,
succession planning.
4. Differentiate performance: A good performance management need to have the
appraisal process accurately rate the people in organization but many organization will
not rate the employee very well. if they rated more that will help them grow better if not,
they will be no difference between high, moderate, and lower performers
5. Legal documentation: it is more important to make sure we have accurately reflected in
employee performance if not there will be termination
6. Administrative: promotion, transfer for the reference check for that the employer who
rates the employee should have the paperwork in employee files so, that employer can
decide about the employee promotions and transfers.
Design an element for designing a program:
comprehensive
Performance
assessments
This continues every year that employees are given some performance activities and they
do some performance assessments then at last the performance review is conducted the
realize there is no improvement so, this conducted every year ad realize that non-strategic
performance model is a poor performance managements it likely to repeat the process but
no strategies are implemented or improved.
Multi-rater performance
The performance assessment
review
PERFORMANCE PLANNING
STATEGIC PERFORMANCE MANAGEMENT FOUNDATION
Week-2
2.1 Implementing performance management systems includes the following topics
and they are explained as follows:
The below are the topics that I have understood, and the points are noted during the
session. These topics can be during the performance and in the performance
management system every employee, manager and the whole organization plays
major role. And these topic helps me understand better about performance
management system and also know how the managers should work during the
process. How they should behave during the results sharing with the employees
during the performance. I mentioned the topics in detail that I have understood.
Distinguish b/w behaviour and result: Behaviour the only that we have control
over, but the results will be judge by the crowd. If they feel it is a good performance, they
will rate good and they have the outcome. Performance is act of accomplishing
something.
Performance math:
Declarative knowledge X procedural knowledge X motivation = performance
Declarative knowledge: (the what)
They are facts, principles, goals and understand task requirements that come to job description
Procedural knowledge: (the how)
What skills should the employees have at their job like cognitive, physical abilities and computer
skills
Motivation (the why):
If employees know why they are doing something they get motivated like they need to know the
vision, mission, values, and goals of the organization.
At last employees will see the good result and the performance will be increased
Organizational support will involve hr practices and work environment And the Hr practices
involve hiring, training, development, rewarding, inclusive, engaging work life balance etc
What makes a good employee?
Behaviour (how they work) so, show up some time, communicate effectively
Trait (who they are as induvial) so, be energetic, creative, patient
Result that we generate (what to produce as induvial) gives profit and customer
satisfaction
Performance standards: The three things an employee should have to develop the performance
standards
Quality
Time (report on time)
Quantity and volume
Comparative method: This is easy to explain and simple process, the results are clear to
employee and easier to determine rewards and it is easy for ranking employees from top
to bottom, Alternating and force distribution
Advantages of forced distribution method:
o Easier for determining pay increases
Disadvantages:
o Assumes employee performance is a normally distributed
Week-3
Tools for effective performance management and the topics are explained as
follows:
In this week I have understood about the purpose of the performance review and there is
a standard performance review process that employer should understand and follow
accordingly.
Purpose of performance review: It is a plat form for feedback, development for the
employee, motivation, and the evidence for rewards and discipline and termination for
the employee.
I have learned about All the employee need is to be clear expectations and
positive/constructive feedback on regular basis. They wanted to understand the evaluate
criteria and they need a involvement in goal setting and have a accurate job description.
For manager while doing review process he/she should be prepare and specific and
Present step for improvement should focus on future performance and utilize inputs and
ideas for buy-in
Multi-rater feedback and its pros and cons: These 360 reviews gather feedback from
multiple sources. Those sources include the employee, manager, co-workers, staff
members and customers. The ideas being that these individuals will provide collective
comments will provide greater feedback.
Pros:
Encourages professional development for the employee and the rater
Provides self-awareness for every level of the organization
Cons:
Create culture and makes it comfortable
INDIVUDUAL DEVELOPMENT PLAN:
It is a long been used as a tool to help employees develop their skills and achieve career
goals.
Managers will use to develop and motivate their employee by focusing on employee
training and development needs to increase employee productivity and career growth.
Effective on-going performance feedback : It is a most important determinant of
weather a performance management will achieve its maximum benefits.
Performance feedback should be done in private setting. And Give the feedback timely
should be specific and verifiable
Main types of error that effect performance reviews: Central tendency, leniency, and
strictness error( everyone is rated the same)
Varying standards(similar performance is rated differently)
Recency and primary effect( timing of information affect rating)
Rater bias (prejudice effect rating)
Halo and horns effect( generalization is made from only one trait)
Contrast error(comparison is made to other people not of performance standards)
Sampling error( available information is insufficient or in accurate)
Week-4
THE END