5 Major Objectives of

PERFORMANCE MANAGEMENT
Prepared by
Lerie Lou R. Penarroyo
What is
PERFORMANCE MANAGEMENT?
PERFORMANCE MANAGEMENT
A continuous process that
seeks to identify, measure
and develop workforce
performance.
 1
Setting and defining goals to
fulfill company objectives
It has been constantly indicated
that practical goal setting:

Allows Aligning
Employees
to focus on what's individual
objectives with the
important. Organization’s objectives.

Optimizes Helps to identify

employees' individual the key result areas and work upon
performance. improving them.
A good performance management
system will put goal setting as one
of its main conditions.

As a manager, set goals that benefit

both- employee performance and
business performance.
CRÉDITS: Ce modèle de présentation a été créé par Slidesgo,
comprenant des icônes de Flaticon, des infographies et des images
de Freepik et des illustrations de Storyset
 2
Setting the right expectations
for managers and employees
An efficient performance
management system sets clear
expectations from both managers
and employees.

As a manager, you must place

achievable expectations from your
employee.
CRÉDITS: Ce modèle de présentation a été créé par Slidesgo,
comprenant des icônes de Flaticon, des infographies et des images
de Freepik et des illustrations de Storyset
To set expectations that’ll
actually bring in some results:

Define the expectations

of your employees in clear terms.
Let employees know what your
expectations are from them.

Back up the reasoning

behind the expectation. Explain
how these expectations will help
in fulfilling the business
objectives.

Document expectations.
Don't let it be a word-by-mouth
interaction. Have a specific
spreadsheet or document about what
to do and who handles it.
Once people know of their own roles, responsibilities, and
accountabilities, they are more likely to be consistent and
productive. This results in high performing teams that are
capable of achieving the set goals and objectives.

Moreover, it will facilitate better business performance.

Furthermore, it will encourage the personal development
of the employee.
 3
Effective communication
between individuals and teams
Good communication practices result in
employees who are engaged and happy. It also
ensures a smooth alignment of individual
objectives with business objectives.

Team members must know their peers' goals, succession

planning, and ideas—to work well together.
A team that lacks communication among its team members
lacks the bonding needed in a high performing team.

CRÉDITS: Ce modèle de présentation a été créé par Slidesgo,

comprenant des icônes de Flaticon, des infographies et des images
de Freepik et des illustrations de Storyset
Some tips for building an active
communication environment:
Team Leaders or Managers should take out the time to
indulge in one-on-one interactions with the team members.

Continuous feedback and coaching form a workforce

with varied skills by encouraging career development.

Additionally, conduct frequent Team building Activities.

Promote collaboration and communication as an essential

part of your workplace culture.
Also, use appropriate and helpful business
communication tools.
 4
Set performance
standards
The most important objectives of performance management
are to set performance standards.

Every job has specific performance standards that have to be

met.

Setting the right performance standards can help you build a

better performance plan. It, in turn, makes for a smoother
evaluation of employee performance.

CRÉDITS: Ce modèle de présentation a été créé par Slidesgo,

comprenant des icônes de Flaticon, des infographies et des images
de Freepik et des illustrations de Storyset
 5
Determining individual
training and performance plans
Another vital objective of performance management systems
is to identify the training and development needs of its
workforce.

It promotes personal growth and advancement in the

employees' careers by helping them acquire the desired
knowledge and skills.

A successful performance plan offers personal growth

opportunities for your people. Your people will be more
confident and contribute better.

CRÉDITS: Ce modèle de présentation a été créé par Slidesgo,

comprenant des icônes de Flaticon, des infographies et des images
de Freepik et des illustrations de Storyset
Here's how you can create an effective employee
performance plan to foster career development:
Firstly, ask your employees what skills, training, or
course they require to do great work.

Then create a training plan and budget.

Additionally, decide how the new training skills be

applied in revamping old methods.

Lastly, set up some organizational objectives to apply

these newfound skills.
The main objective of performance management
is to enhance the:
Achieving individual employee goals of employees along
with organizational objectives.

Also, enhance the skills and personal development of

employees through the managers' help.

Additionally, encourage work that helps in fulfilling business

goals.