Performance and Human Resource Development Essay

Performance and Human Resource Development - Essay Example Performance management is a process that starts with hiring and continues year after year through planning, task assignment and review, performance evaluation, assessment of potential and recognition. It is a method through which management plans and executes strategy in the most effective way. The aspects that distinguish this process are: †¢Ã‚  PLANNING – Work is planned, keeping in mind objectives of the organization, and goals are set for the teams as well as individuals. A vital part of performance management, it can be made more effective with active participation of the personnel who will be responsible for execution of the plan. †¢Ã‚  MONITIORING – Progress on all activities, assignments and projects is regularly monitored. This takes into account individual and group capability, workload and division of work. Keeping track of trends and corrective action based on progress and employee feedback, norms this part. †¢Ã‚  DEVELOPING – Entails development of skills of employees to enhance their abilities to perform through education and training in existing areas and acquisition of new skills. It also involves simplification and improvement of work processes and methods productivity while simultaneously creating a motivating atmosphere at the workplace. †¢Ã‚  MOTIVATING – Keeping the morale of the employees up and motivating them to perform the given tasks with enthusiasm, care and diligence. The provision of good and friendly working atmosphere, unbiased and fair handling (perceived and actual) of all situations., maintaining good discipline, timely feedback and empowerment are some of the tools used.RATING – Is used for summarizing employees’ performance, it allows for comparison of the performance of the employee over time as well as with other employees. Performance appraisal in a structured manner helps in rating of employees to identify high performers and those who need further inputs to help them achieve targets set. REWARING – Appreciation of good performance and censure of poor performance form this part of the process. Appreciation and censure may take many forms like formal positive reception, salary hikes, promotions, lateral multitasking, demotions and outright termination of employment.Management of performance of employees thus forms the core of efficient and competent organizations. Goals are set and work planned out in detail with time frames established usually with the involvement of the individuals and groups concerned, standards are set while keeping in view skills required and capabilities of the individuals assigned to meet them.Performance AppraisalPerformance assessment or appraisal is a process of audit of the effectiveness of each employee. It may be viewed as a contract between the organization and the employee explicitly