Assess How Performance Management Systems Benefit An Organisation's Efficiency And Effectiveness. How Can An Organisation Ensure Successful Implementation Of Performance Management Systems?

1123 words - 4 pages

Assess how Performance Management Systems benefit an organisation's efficiency and effectiveness.Avoiding performance issues ultimately decreases staff morale and management credibility; decreases overall effectiveness; and wastes management time fixing what hasn't been done properly. Organisations are always required to ensure that best value for money is achieved as well as efficient and effective use of resources. In order to achieve these goals, the use of a range of methods, techniques and processes is necessary,Performance management can be defined as the ongoing process of objective setting, performance tracking, generating improvement actions and coaching that leads to improved results from staff, which turns inputs into desired outputs. Managing performance is about understanding your employees' unique capability and having the right tools and know-how to motivate, empower and unleash their potential. If implemented properly, it is an investment in staff relations which, in turn, leads to better performance.Through performance management, each employee or team will know what is expected of them and what results they are responsible for achieving. This type of clarity is vital to the success of the organisation as a whole. Employees understand how they and their work fit into the organisation as a whole. Improved communication between management and staff can achieve greater output and productivity and solve problems.The typical performance management system is designed around a pyramid-type structure. At the base of the organisation, individual targets are linked to unit targets, which are then linked to divisional targets and, finally, the targets of the divisions are linked to the corporate goals of the organisation.Performance Management Development Systems (PMDS) incorporate employee development, considering what training and skills the employee requires in order to achieve their agreed goals. Periodic reviews are used to build up a picture of trends and practices over time and alert managers to areas that need further training and/or development. They provide an opportunity to review progress during the last 12 months and plan for the year ahead.Performance measures allow managers to demonstrate how effectively resources have been used to achieve a desired result, ie economy, effectiveness, efficiency and equity.Performance Management can:· provide a data base for the organisation's inventory of people, skills and potential· provide a mechanism for assessing performance and contribution to the organisation· reward/sanction excellent/poor performance· identify with individuals their strengths and weaknesses· assist career planning· stimulate training and development by evaluating training needs and assessing the value of training already provided· form a basis for salary review and administration· provide an up-to-date inventory of human capital within the organisation·...

Find Another Essay On Assess how Performance Management Systems benefit an organisation's efficiency and effectiveness. How can an organisation ensure successful implementation of Performance Management Systems?

Performance management Essay

498 words - 2 pages Performance management WPA needs to manage the performance of its employees effectively if it is to remain competitive. There are many methods that WPA can use to manage the performance of their employees. These methods include: * Appraisal systems: Performance management is the system in which the employees are reviewed at regular intervals so they are monitored to tell the employer how they perform in their jobs. This is usually

How Management Information Systems Affect Working Ethics

1581 words - 6 pages that manage information. However, latest evaluations of the impact of management information systems have proven that there are chances, which are very high, of ethics being abused at the work place. Both the employees and the employers, are guarded by certain cord of ethics which aim at regulating the dignity of everybody at working place; and how far one party can be influential on the other especially on matters pertaining privacy. Profit

Performance and Reward Management

3189 words - 13 pages involvement as well as the risk of maladaptive reactions towards the feedback (Anseel, Lievens, & Schollaert, 2009, p. 25). The success of a leader in providing effective feedback rests on an understanding of how individual characteristics influence the ways in which employees respond to feedback. Such understanding is critical for organizations to maximize and ensure effectiveness of the feedback given to employees (Oettingen, Marquardt, & Gollwitzer

Performance Management and Rewards

3468 words - 14 pages improving performance capacity; performance rating and rewarding for excellent performance. Management of Employee Performance Effectiveness in an organization can be achieved if planning is done in advance. In planning the organization’s performance expectations are set and individual and group’s goals are identified which should aim at accomplishing the organization’s objectives. Employees should be involved in the planning process and involving

The Importance of an Organization's Performance Management System

1391 words - 6 pages resource management therefore encompasses areas such as staffing, training, performance management, compensation and labor relations. In context, human resource management involves human resource planning, design of jobs and work systems, and utilizes policies on employee separation, laws regulating employment and information systems to facilitate its implementation where necessary. From the above, we can firmly conclude that a performance

Implications of Performance Management

1240 words - 5 pages performance results. Other systems that implement within the plans to ensure future successes of a reward system, motivation, and performance appraisal, this is prominent because it attracts the personal interest of the employees. this co-system help the employees see that the goal are attainable and flexible to make changes while allowing the employees to take the responsibility for meeting their goals and completing assigned task. The

Coaching and Performance Management

3445 words - 14 pages along with strategies to reaching these goals. In this planning stage both management and employee will have a clear understanding and directions on how to move forward. Monitoring - management will keep an eye on the employee and keep up with his/her progress. This will give management the opportunity to make changes or adjustment to the timeline of achievement. Making any changes or adjustment will ensure the employee is on the right

Performance Measurement Systems

1700 words - 7 pages inappropriate performance measurement systems” (as cited in Vitale & Mavrinac, 1995). In order for businesses to be successful, it is important for management to implement a PMS that will work effectively for their organization. An effective PMS is one that should encourage management and employees to realize the need for continuous improvement throughout the entire organization. Two of several different approaches available to measuring performance

Question)How the directors of Paramount healthcare can improve efficiency, productivity and quality in their organisation?

2286 words - 9 pages Assignment 1My aim for this assignment is to provide useful advice as to how the directors of Paramount healthcare can improve efficiency, productivity and quality in their organisation. The management syndicate which owns Paramount wish to establish them as an independent, quality healthcare service. Their first target is to achieve the ISO9003 standard within the next twelve months. Unfortunately Paramount suffers from a great number of

Management Concepts and Systems

1856 words - 7 pages Management Concepts and Systems The National Academy of Sciences notes that the United States has many of the world’s most successful clinical research facilities and cutting edge medical technology, but there has not been as much of an effort to establish a system to measure the quality of care and the productivity of the healthcare system (National Academy of Engineering and Institute of Medicine Committee on Engineering and the Health Care

Performance Support Systems

1587 words - 6 pages Performance Support Systems Abstract The purpose of my paper is to discuss Performance Support Systems, the reason why some people fear them, concerns surrounding them, and why there is a growing trend for their use and their redefinement. Performance Support Systems Defined Electronic Performance Support Systems otherwise known as EPSS were born in the early 1990s by Gloria Gery, who was described as an educational software guru

Similar Essays

Effective Performance Management Systems Essay

1029 words - 4 pages Prior to any development, management should take note of what exactly they want to achieve with their performance appraisal system (goals), what properties they want their appraisal systems to possess (characteristics), how they wish to execute the performance appraisal (method), and how they will use the data collected to achieve said goals (feedback). It is also pertinent that effective performance management systems clearly communicate

Management Of Information Systems In An Organization

884 words - 4 pages technology in a way that makes an organization more effective and efficient in its activities and decision making. Information technology if mismanaged or used without taking necessary security precautions can result in catastrophic difficulties. Information technology has changed how we do business permanently and like any technology if it is properly executed and planned can benefit us exponentially. REFERENCES 1) Management Information

Performance Management Essay

1930 words - 8 pages to be successful (Macauley and Cook, 1994). The management must facilitate and encourage the process of PM and understand the importance of the process towards the wellbeing of the organisation as a whole, and not a mere paper work exercise. Both the managers and the employees should be educated and informed on how PM systems can assist them in improving their job effectiveness as well as satisfaction.Motivation, according to Macauley and Cook

Performance Management Essay

2837 words - 11 pages system already in place. In addition, it will analyze the company, DMG World Media, who will be used as a basis for best practices as they are known for their successful positive performance system. Moreover, it will show how a performance management scheme could be successfully introduced in this company. Finally, we will explain and justify the need of implementing the systems especially in time of economic upset throughout the global markets