Performance Management Task
A Performance Management Task is an management task which ensures that agent goals are consistently being met in an effective and efficient manner.
- Context:
- It can be solved by a Performance Management System.
- It can range from being a Tactical Performance Management Task to being a Strategic Performance Management Task.
- It can range from being a Personal Performance Management Task to being an Organizational Performance Management Task (such as enterprise performance management, and employee performance management).
- Example(s):
- Counter-Example(s):
- See: Organizational Plan, Performance Appraisal, Resource Allocation, Decisioning Task, Worker Performance Management.
References
2016
- (Wikipedia, 2016) ⇒ https://en.wikipedia.org/wiki/performance_management Retrieved:2016-5-2.
- Performance management (PM) includes activities which ensure that goals are consistently being met in an effective and efficient manner. Performance management can focus on the performance of an organization, a department, employee, or even the processes to build a product or service, as well as manyother areas.
PM is also known as a process by which organizations align their resources, systems and employees to strategic objectives and priorities.
- Performance management (PM) includes activities which ensure that goals are consistently being met in an effective and efficient manner. Performance management can focus on the performance of an organization, a department, employee, or even the processes to build a product or service, as well as manyother areas.
2016b
- (Wikipedia, 2016) ⇒ https://en.wikipedia.org/wiki/performance_management#Performance_management_in_companies Retrieved:2016-5-2.
- Many people equate performance management with performance appraisal. This is a common misconception. Performance management is the term used to refer to activities, tools, processes, and programs that companies create or apply to manage the performance of individual employees, teams, departments, and other organizational units within their organizational influence. In contrast, performance appraisal refers to the act of appraising or evaluating performance during a given performance period to determine how well an employee, a vendor or an organizational unit has performed relative to agreed objectives or goals, and this is only one of many important activities within the overall concept of performance management.
At the workplace, performance management is implemented by employees with supervisory roles. Normally, the goal of managing performance is to allow individual employees to find out how well they had performed relative to performance targets or key performance indicators during a specific performance period from their supervisors and managers.
Organizations and companies typically manage employee performance over a formal 12-month period (otherwise known as the formal company performance period).
The results of performance management exercises are used:
- in employee development planning to select the most appropriate and suitable development intervention to improve employees' knowledge, skills and behavior
- as factual basis for compensation and rewards (pay raise & bonuses being the most common)
- as factual basis in consideration with other factors for mobility (Example: transfers and promotions)
- Many people equate performance management with performance appraisal. This is a common misconception. Performance management is the term used to refer to activities, tools, processes, and programs that companies create or apply to manage the performance of individual employees, teams, departments, and other organizational units within their organizational influence. In contrast, performance appraisal refers to the act of appraising or evaluating performance during a given performance period to determine how well an employee, a vendor or an organizational unit has performed relative to agreed objectives or goals, and this is only one of many important activities within the overall concept of performance management.