“Performance Management is a holistic management discipline which needs to connect many relevant dots to involve development, enablement, and enhancement.” ― Pearl Zhu
Performance is the relation between the strategic organizational goals and their achievement, in other words, it is outcomes vs set objectives. Performance management on the other hand is mutual understanding of how individuals and team contribute to organizational goals and objectives. Employees feel appreciated and motivated when they can discern their share in the organization’s accomplishments.
At Purshotam Company Private Limited, we believe that performance management isn’t just about rating your employees; it’s more about aligning your workforce so your employees grow with the organization.
Creating Strategies
Transparency is critical when it comes to developing strategies, allocating work, monitoring and reviewing performance. Employees need to be part of the decision making process as well as be rewarded for their achievements.
The strategies for performance management should be in tune with the organization’s values and ethics. Performance management should also be seen as way to help your employees realize their true potential and talents. Cooperate rather than control. Identify the leaders in a team and give them a chance to grow. Develop a sound and efficacious evaluation system which entertains no bias whatsoever.
Consistent Feedback
Performance management should be done methodically. The planning and reviewing can be dynamic or periodic depending on the organization and its goals. It is essential to give people the guidance and feedback to excel in their professional lives.Set a benchmark for organizational activities and tasks and regulate it with nicety.
At Purshotam, we understand that performance management is not mundane and monotonous, it requires a good deal of creativity, vision as well as precision. Key performance indicators measure the organizational success, boost workforce morale and are vital for maximizing profits, better asset management and business success. Focusing on organizational performance helps both in short and long term business growth.
Integrate the performance management process with the mission of the organization. It involves active participation of managers as well as employees. The process is result oriented and entirely depends on the quality of outcomes. It meticulously makes the work environment more productive as well as innovative.
For more information about Purshotam and our offerings, reach out to us now!
