Performance Management in Human Resources and Business Management

HUMAN RESOURCES
AND BUSINESS
MANAGEMENT

TABLE OF CONTENT
 Performance management
 Impact of successful performance management on the operation of the business
 Key features of a performance management system
 Consequences for staff resulting from a performance management review
 Effectiveness of performance management systems in a business
 Conclusion

Performance management
 Performance management can be defined as
an ongoing process that helps in ensuring that
set of activities can meet organizational goals
and objectives and an effective and efficient
manner.
 Performance management mainly focuses on
overall performance of an organization, their
employees, departments etc.
 Performance management process mostly
includes translating desired goals in terms of
results that are themselves described in terms
of quality, quantity, cost and timeliness.

Impact of successful performance management on the
operation of the business
 Performance management is a kind of concept that lay emphasis on continuous
improvement of employee’s overall performance which further impacts overall
productivity of an organization that helps them in long run.
 Successful performance management of employees is quite helpful for an organization
to achieve their desired objectives. In order to increase overall productivity of a
business successful performance management is quite important.