However, as a management practice it endures: for good reason.
Performance Management is the practice that establishes the ground rules for conversations between managers and employees.
Without effective Performance Management, it is difficult for managers and organisations to consider and make key decisions. This may be Who gets bonus payments and who does not? Who is the best candidate for promotion into a key position? Who are your best performers, that you really need to engage and keep? Who should be given the opportunity to take on a challenging, business-critical project?
These talent management decisions are dependent upon the assessment of an individual’s performance, behaviour, achievements, capability and potential - but to have this, you'll need to embed performance management.
Performance Management is the process by which such assessments can be made.
Performance Management is a part of every manager’s role; if you have line management duties, then enabling your direct reports to perform their duties, reach their potential, effectively plan and align their work with broader priorities and allowing them to see how they are progressing is part of your day-to-day job. So, it’s part of the job description, an organisational requirement – but also a practice through which you can gain significant benefits as a manager, and an individual. If you do not manage people, it is still your responsibility to achieve your own objectives and fulfil the requirements of your role – and Performance Management is a process which will help you to do that.
In our work with clients, we have seen that where performance management is part of the business culture, HR business partners and leaders of organisations are focussing their employees on performance improvement, rather than just performance management – and our view is that this shift can be supported by:
In organisations where performance management is embedded, we see that:
Our Performance Management eBook is already helping organisations to embed performance management. It offers support to you as L&D and HR decision makers as you work with your employees and managers to embed Performance Management and get the most from your investment in this important Talent Management activity.
Request your copy now.