• May 26, 2022

About Us

Performance Management is creating systems, processes and practices that manage and leverage performance of individuals, teams, work units and consequently of the whole organization in a continuous and sustainable manner. ‘Managing’ performance is about planning performance.

Performance Management helps in displaying figures for key performance indicators so that employees can track individual and project performance relative to corporate goals and strategies.

Some companies use established management methodologies with their Performance Management systems, such as – balanced scorecard or Six Sigma. Management of performance is important for a good employee and clarification of expectations and performance feedback is also important for applying the principles of performance management.

The aim of performance management is to establish a culture in which individuals and groups take responsibility for the continuous improvement of business processes, and of their own skills and contributions.

 

What is Performance Management: Meaning

Performance Management is creating systems, processes and practices that manage and leverage performance of individuals, teams, work units and consequently of the whole organization in a continuous and sustainable manner. ‘Managing’ performance is about planning performance.

 

While effective performance management is incredibly difficult, it is also critical to an organization’s survival and prosperity. Systematically addressing these critical success factors will ensure consistency and success. In any organization, employees seek to understand the organization’s parameters for those constructs which define productive/unproductive behavior.

These constructs will naturally guide evaluations of their own and other’s behavior. Constructs are likely to be similar across members of the same cultural community because of their shared experiences and talk. The communication culture of an organization is a major determinant of how effective performance is defined in the organization.

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