CONCEPT OF PERFORMANCE

MANAGEMENT:
 Organizational tool on boosting individual performance.

 Holistic and multi-dimensional approach

 Continuous process - Timely communication and feedback

 Systematic process to enhance organizational performance through individual

performance as per planned goals and standards.

High alignment of individual goals with overall organizational strategies.

PERFORMANCE APPRAISAL
• System of Evaluation, Analysis
and studying performance.
• Rigid
• Operational Tool
• HR Department
• Quantitative Aspects
PERFORMANCE MANAGEMENT
• Process of setting, managing and
achieving Performance
Standards.
• Flexible
• Strategic Tool
• Managers and Leaders
• Qualitative Aspects

• Annually/ Half- yearly/ Quarterly • Continuously

 CHARACTERSTICS OF IDEAL
PERFORMANCE MANAGEMENT
SYSTEM:
Focus on Employee Growth
 Set SMART Goals
and Development
 Goal Alignment with Strategic
Organizational Goals  Right Organizational Culture
– Performance oriented
 Continuous Communication
and Feedback  Legal and Effective Appraisal
Systems
 Accurate, Reliable and Fair
System  Motivation and Recognition
Performance Management Cycle