Key Components and Benefits of High-Performance Management

High-Performance Management
The key components of High-Performance Work Systems and their benefits

HIGH PERFORMANCE MANAGEMENT 1
The essay brings the discussion on the topic of performance management by
analysing its benefits. Performance management is the process which ensures that objectives
of the organisation are met in an effective and efficient manner. In this process, the
performance of organisation, employees and departments are analysed in order to maintain
the efficiency of work. It is a strategic and integrated approach which is used by the company
to increase the efficiency and capability of employees in terms of improving the performance.
It develops the capabilities of a team and individual of contributors to achieve success. This
strategic approach is used by the manager in order to achieve the goals and objective of the
company (Buckingham, & Goodall, 2015). In this paper, the key components of the process
of performance management and their benefit for an organisation will be discussed.
There are many key components of performance management such as performance
planning, on-going performance communication and many others. Performance planning is a
process of identifying and planning the organisation as well as the individual goal that an
employee and organisation have to be achieved. In this process, benefits are also discussed to
motivate the employees towards the services. It is a small part of the performance
management because motivating and reduces the weaknesses of an individual helps to
enhance the capability to do the work. Setting the objective and goal also helps to measure
the performance with the employees with their actual performance. In this process, the
proper discussion is done between the employer and employee to develop a proper plan. It is
beneficial for the organisation because it helps to improve the performance of employees as
they work as per their goals and objective in order to attain the benefits. The main purpose of
performance management is to measure performance so that the uniformity and efficiency of
doing the work will maintain. Performance planning is the proper process which completely
satisfies the performance of performance management (Gerrish, 2016).

HIGH PERFORMANCE MANAGEMENT 2
Performance appraisal and reviewing is the other component of performance
management. It is a process of measuring the performance of an employee as per its
achievements and awards at the end of the year. The employees are rewarded for their
performance with the different awards and incentive systems (DeNisi, & Gonzalez, 2017).
Reward system in the organisation always motivates the employees to put their more efforts
towards their roles and responsibilities. It is necessary for the company to maintain the
performance of employees and that can be possible by evaluating the performance. A large
number of rewards achieved by employees indicate the excellent services of an organisation.
Excellent services of an organisation help to achieve the objective and it also increases the
brand image in the market (Shields, et. al, 2015).
On-going performance communication is a two-way process between the employers
and employee. It is designed to monitor the progress of an employee, identify the barriers,
and share the related information. Both parties take participation in the decision-making
process of performance in order to stay on track. This process helps to analyse the problems
of organisation that can be solved by organising the meeting or discussing the information
with employees. It is beneficial for the organisation because it solved the problems before
they get out of their hands. The company can solve the problems by interacting with the
employees or organising the training and development programs. It is observed that the
interaction between the employees and the managers is in the form of training or coaching in
which the instructions are provided in order to improve the performance. Participation of
employees in the decision and meeting motivate them to perform better. It also increases the
employee's loyalty and retention as increases their involvement in taking the decision. The
communication issues in the organisation can easily overcome by identifying the barriers of
communication in meetings and decisions (Kraniumhr, 2018).