Chapter 4 - Performance Management Flashcards
Why is PM important to organisation?
It can achieve competitive advantage
Can use for reward and promotion
Can increase engagement and
Communication with staff
Aligns individual effort and goals with business objectives.
What is performance management?
PM should be:
Strategic - it is about broad issues and long term goals
Integrated - it’s should link various aspects of this he business, people management individuals and teams.
Performance management should incorporate.
Development - unless there is a continuous development of individuals and teams, performance will not improve.
How does performance link into business objectives?
Strategic plan Business plan Departmental plan Teams targets Individual targets
What is performance management system?
It is a vehicle for continuous and evolutionary improvement of performance.