The main purposes of performance management include aligning individual goals with strategic objectives, facilitating employee development, evaluating performance against standards, and ensuring compliance with legal and ethical practices
Steps in the process of aligning individual goals with strategic objectives
1️⃣ Identify strategic business objectives
2️⃣ Translate objectives into individual goals
3️⃣ Communicate goals to employees
4️⃣ Monitor progress and provide feedback
Effective performance management leads to increased employee engagement.
How does improved performance benefit a business in performance management?
Aligns individual goals
Employee engagement in performance management boosts motivation and job satisfaction
Match the benefit of effective performance management with its description:
Improved Performance ↔️ Aligns individual goals with business objectives
Employee Engagement ↔️ Boosts motivation and job satisfaction
Better Decision Making ↔️ Informs HR decisions with data
One of the primary purposes of performance management is to align individual goals with strategic objectives.
What are the three key benefits of effective performance management?
Improved Performance, Engagement, Decision Making
Increased employee engagement in performance management boosts motivation and job satisfaction
Performance appraisals and feedback mechanisms are essential components of performance management.
Match the aspect with its corresponding tool in performance management:
Evaluation against standards ↔️ Performance Appraisals
Insights for improvement ↔️ Feedback Mechanisms
Performance appraisals involve evaluating an employee's performance against set standards
Performance appraisals are typically conducted annually or bi-annually.
Performance appraisals focus on overall performance evaluation, while feedback mechanisms focus on ongoing development and improvement
Align the overall purposes of performance management with their descriptions:
1️⃣ Strategic Objectives
2️⃣ Employee Development
3️⃣ Legal and Ethical Considerations
Performance improvement strategies are used to enhance employee performance and achieve organizational goals.
Regular feedback and coaching is a key performance improvement strategy
Match the performance improvement strategy with its description:
Training and Development ↔️ Enhances skills and knowledge
Feedback and Coaching ↔️ Provides insights for improvement
Implementing a training program to improve sales skills can lead to increased sales revenue.