Understanding Performance Management

Understanding Performance
Management

Table of Contents
The value of formal and informal performance assessment at workplace...................................3
The role of first line manager in performance management .......................................................3
Various objective for formal assessment.....................................................................................4
Setting up SMART objective for team members.........................................................................4
Set performance standards in team members...............................................................................5
Measuring performance against standards agreed.......................................................................6
Importance of feedback in improving performance.....................................................................6
How to give effective feedback...................................................................................................7
Identified the area of underperformance at workplace................................................................7
Causes of failure to meet agreed performance levels..................................................................7
Actions to restore performance acceptable levels........................................................................8
REFERENCES................................................................................................................................9

The value of formal and informal performance assessment at workplace.
In organization manager allow their employee for having feedback in both formal and
informal ways that could provide regular better performance for manager at workplace. This also
keeps them in growing more along with that make enables them to adjust in growing
professionally as well personally. In taking advantages of both formal and informal
communication can be engaged in employee for completing tasks. An informal evaluation allows
them to have more than one-on-one feedback that could be exchanged at time of employee
training program. The employee can also seek in having informal feedback which help them to
managing their work (Arnold And et.al., 2019). Basically formal evaluation outlines disciplinary
actions that are to be taken and i.e. reason why employee let go from their jobs. Formal system
can be also in form of rewards for workforce in their excellence performance along with their
professional behaviour in terms of promotions. The value of formal and informal might be often
for increasing people management confidence as well motivation that could be lead to have
better organization performance. Manager at workplace must be communicated with their
employee on regular basis, ensuring them about do not have limited discussion in annual
meetings. Informal communication should be ensured that employee is not facing any difficulties
and manager can support them.
The role of first line manager in performance management
The responsibilities of line manager in organization to design policies which ensures that
efficient management performance at workplace. The play vital roles in persuasive the line
managers performance can be implemented for achieving business goals and ensure to take
seriously in work for maximizing employee satisfaction. Line manager can be expected have
high performance at workplace in maintaining communication, clearly defining work and
communicate to everyone which makes ensure in success of achieving business objective along