Performance Management And Selection Management - 1460 Words

Two HR Systems. 1. Performance management and selection 2. Strategic Reward Management. Performance Management Performance management is a process where the full complement of owners, managers and employees work in unison to achieve the best result for the organization. One annual performance review does not constitute performance management. Continuous improvement is the desired goal and this can be achieved by setting specified organizational objectives, allocating these to specified employees and then by management continually reviewing progress made providing the necessary guidance and feedback when employees err, and by ensuring that the employees themselves are attaining their desired goals and objectives.(†¦show more content†¦He goes on to provide an easy guide to managing performance, 1. Identify the problem 2. Assess and Analyze the Problem 3. Meet with the Employee in question and discuss the problem 4. Devise a solution with the employee 5. Monitor Performance (http://www.fairwork.gov.au/ArticleDocuments/711/Managing-underperformance-best-practice-guide.pdf.aspx?Embed=Y) Managers need to be aware of factors that can improve current performance management processes. †¢ Strategy –HR departments need to focus on how they can better support staff to achieve optimal behavioural patterns while supporting the company’s overall strategy. †¢ Simplicity- By keeping processes simple, you reduce red tape and unnecessary time consuming process that add very little value to the organization. †¢ Review Feedback- Thoroughly review all employee feedback that is received during the performance review as this becomes a critical element in performance management. †¢ Management Competency- Equipping managers to be fluent in the requirements of performance management is essential to ensure optimal levels of accountability are achieved and maintained.(Human capital matters)[1] The HR council of California says that performance management objectives and measurements need to follow the SMART principal, namely †¢ Specific