NAME IU NO.

Niyati Patel IU2255550082

Nidhi Rajput IU2255550083

Rubal Chaudhary IU2255550084

Kinjal Bawa IU2255550097

Fernandes Rosemaria IU2255550147

 PERFORMANCE
MANAGEMENT
WHAT WE WILL TALK ABOUT
• Introduction Oh Performance management
• Scope
• Advantages
• Stages of Performance management
• What is Future of performance management?
• Summary of Key learning
 PERFORMANCE
MANAGEMENT
Performance management is a comprehensive
process that involves planning, monitoring,
reviewing, and improving an individual's or team's
performance within an organization. It encompasses
various activities aimed at maximizing employee
effectiveness, achieving organizational goals, and
fostering continuous growth and development.
 SCOPE
• Goal Alignment

• Feedback and Development

• Employee Growth

• Data-Driven Insight

• Cultural Integration
 ADVANTAGES
• Growth in sales

• Reduction in production costs.

• Elimination of project overruns.

• Improved management control.

• Creating transparency in the achievement of goals.

WHAT IS FUTURE OF
PERFORMANCE MANAGEMENT ?
• Annual performance management is going out
of style
• One-on-one feedback is gaining importance
• Performance management tech is becoming
more mainstream
• Skills Over Job Titles
• Performance Transparency
 A SHORT CASE STUDY
Case Study:

Transforming Employee Performance at XYZ Retail Introduction

XYZ Retail, a well-established chain of retail stores, had long been facing
challenges that hindered its ability to consistently deliver excellent customer
experiences and achieve optimal business results. Inconsistent employee
performance, a lack of clarity in job expectations, and limited opportunities
for skill growth were some of the key issues that needed to be addressed.
 SOLUTION

SMART Goals: XYZ Retail introduced Monthly Check-ins: Managers

collaborative SMART goal setting conducted regular monthly meetings
aligned with growth targets, to discuss progress, challenges, and
ensuring clarity and focus. provide timely feedback.

Skill Development: Employees Quarterly Reviews: Performance

identified areas for evaluations every
growth, participating in tailored quarter assessed achievements,
training and workshops. fostered growth, and
maintained alignment.
 CONCLUSION
In conclusion, performance management is not just a
process but a strategic approach that drives organizational
excellence and individual growth. It empowers employees
to align their efforts with overarching goals, fostering a
culture of continuous improvement. By embracing data-
driven insights, real-time feedback, and individualized
development, organizations can adapt to the changing
landscape of work and create a more engaged, skilled, and
motivated workforce.
THANK YOU FOR LISTENING!
Any questions?