Performance Management System

Learn various strategies
Rating: 4.4 out of 5 (38 ratings)
1,017 students
English
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Meaning of Performance Management
Key steps in Performance Management
Characteristics of an effective Performance Management System
Various traditional and modern strategies

Requirements

  • Understanding of the English language.
  • Interest in Business, Leadership and Management

Description

Like many management terms, the word “performance management” has been interpreted, and the concept implemented, in many different ways. But the major goal in any good performance management system is to ensure that employees’ activities – what they do and how well they do them – are in sync with the goals of the organization, while maintaining a motivated and happy workforce.

Hence we can say that Per­for­mance man­age­ment is the con­tin­u­ous process of improv­ing per­for­mance by set­ting indi­vid­ual and team goals which are aligned to the strate­gic goals of the organ­i­sa­tion, plan­ning how to achieve the goals, review­ing and assess­ing progress, and devel­op­ing the required competencies of peo­ple.

So, there are 4 major steps in the performance management system. These are- plan, act, track, and evaluate

Performance Management is a very important function in Human Resource Management and if not done properly then can waste a lot of resources of the company.


Here you will learn about:

Meaning of performance management system.

Key characteristics of effective performance management.

Different strategies in performance management.


Here learn about the various strategies used nowadays.

Section 1: Introduction

  • Meaning and key steps

  • What should we assess

  • Performance Management System vs. Performance Appraisal

  • Key Characteristics

Section 2: Various Strategies

  • SMART goal setting

  • KRAs and KPIs

  • Critical Incidents Method

  • Checklist Method

  • Behaviorally Anchored Rating Scale (BARS)

  • Assessment Development Centre (ADC)

  • Balanced Score Card (BSC)

Section 3: Feedbacks and Performance Improvement Plan (PIP)

Section 4: Common biases

Who this course is for:

  • Those who have interest in HR domain
  • Business Owners/Entrepreneurs/Top Management/Managers
  • Management students

Course content

4 sections21 lectures56m total length
  • Meaning and key steps
    03:53
  • What should we assess?
    03:28
  • Performance Management System vs. Performance Appraisal
    04:06
  • Key Characteristics
    04:25

Instructor

HR, Legal & Financial Management Consulting firm
Akaaro Consulting and Training
  • 4.2 Instructor Rating
  • 634 Reviews
  • 9,335 Students
  • 14 Courses

Akaaro Consulting and Training is an HR, Legal and Financial Consulting firm founded by an alumnus of the University of Essex, United Kingdom and certified OD Consultant. Has worked with brands like Google, Uber, HCL Technologies, HSBC, Shell, Thomas Cook, Ford.

Apart from end-to-HR services we are into Corporate Trainings too (IT and non-IT).

Some of the trainings we deal in:

Being Effective Leaders, Presentation Skills, Managing Teams, Effective Decision Making, Time Management, Thinking out of Box, Data Science, Web Development, Selling Skills, Finance for Non-Finance People, MS Excel, Train-the-Trainer, Business Acumen, Inventory Management, Digital Marketing, Medical coding, Human Resource Management, Labour Law

and many more