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0:00
My name is Ronan Carbery.
I'm Senior Lecturer
in Management in
Cork University Business
School, UCC Ireland.
In this video, I will be
talking about
performance management.
0:11
Performance management
is concerned
with establishing and measuring
employee goals in
order to improve
individual and
organizational performance.
This process helps organizations
to ensure they achieve
their objectives.
Performance management is
also important for employees,
as it provides them
with a platform
to monitor their progress,
and it can enhance their
engagement at work.
Managing performance
is important for
both managers and
employees alike.
For managers, it
enables them to clarify
key organizational
goals and priorities,
measure subordinates
work performance,
and motivate them by
recognizing achievements.
For employees,
performance management
allows them to learn what is
valued by the organization,
communicate their
views about the job,
and identify career,
and training, and
development needs.
In light of the benefits derived
from performance management,
and because of the
severe difficulty
in "getting it right"
in organizations,
it continues to be a topic of
major interest for academics
and practitioners alike.
This video will briefly discuss
the role of
performance management
in promoting higher levels of
employee engagement
and performance.
It will also headlines from
the main techniques used
to assess performance.
1:14
Looking at how
performance management
is linked to other practices,
we can see that it is aligned
with a wide variety
of HR practices.
For example, from a
strategic perspective,
it helps align individual and
organizational performance
with business strategy.
It usually forms the basis
for determining rewards,
and the outputs from
the performance
management process can be
used to identify specific
learning and development needs.
Performance management can
be a useful tool to identify
high performers and assist
with succession planning.
It also enables organizations
to identify talented employees,
so that they can be effectively
rewarded and thus retained.
Finally, a well-designed
performance management system
can enhance employee engagement.
This is the energy, enjoyment,
and enthusiasm that employees
exhibit towards their work.
Performance management
can create meaning and
interest for employees in
performing their work,
as it focuses on intrinsic
motivating factors such as,
taking responsibility
for job outcomes,
and achievements and fulfillment
of personal goals
and objectives.
