Managing Human Resources

MANAGING HUMAN
RESOURCES

TABLE OF CONTENTS
INTRODUCTION.....................................................................................................................................3
MAIN BODY.............................................................................................................................................3
1. Performance management models, their advantages and disadvantages for employees and employers
.................................................................................................................................................................3
2. Theories, practices and approaches used to manage the performance of the employees......................4
3. Example of specific organization and their approaches to manage and prepare for work from home. 4
CONCLUSION..........................................................................................................................................4
REFERENCES..........................................................................................................................................4

INTRODUCTION
Performance management is the practice that is undertaken by the HR department of the
company and the line managers so that the efficient and effective performance of the company
could be achieved. It is concerned with developing the work environment in a manner that the
staff of the company is highly motivated to perform to the best of their abilities and capacities so
that the organizational objectives of the business could be attained by the company. The project
shall be highlighting the various performance management models that can be used by the
company so that the employee performance can be monitored and evaluated to build the
efficiency further. It shall also present the advantages and the disadvantages that are caused to
the employees and the employers of the business. Apart from that the report shall be
demonstrating the theories, practices and the approaches that can be applied to manage the
performance of the employees in a manner that goals are being effectively achieved. Lastly it
shall be reflecting an example of the organization that has applied effective approaches to
manage and prepare the staff for working from home and yet not affect the profitability of the
business.
MAIN BODY
1. Performance management models, their advantages and disadvantages for employees and
employers
In order to manage the performance of the employees and aligning them with the
organizational objectives of the business the company has to use different models designed for
its incorporation. There are several performance management models that are designed so that
the employees stay motivated and their performance in the organizations is boosted. Some highly
effective performance management models are:-
1. Management by Objectives
The management by objectives id one of the most significant models that are used to
monitor the employee performance. It is widely used model where the top level management and
the employees combine to formulate the objectives of the business and based on that govern the
performance that the employees are able to generate. The process starts with the planning in the
company amongst the employees and the managers. They define the goals and aim of the
business that is to be attained within a specified timeline and the availability of the resources
(Nawaz Khan, Khan and Soomro, 2020). Once the planning stage is completed, then the
management shall be monitoring the operations on a continuous basis where the progress shall be
checked, goals shall be reassessed and feedback will be obtained. Post the results have been
achieved the performance shall be reviewed and if it is above the expectations then rewards in
terms of promotion and hikes will be provided. Whereas if the performance is low then trainings
can be provided to improve it.

In this manner the defining and attainment of the objectives in the business is one manner
to manage the performance of the employees and motivate them to work to the best of their
abilities.
Advantages:-
To employees
 It shall facilitate the employee engagement which shall further motivate them to give
better performances.
 If the targets are efficiently achieved then the rewards are provided and if not then the
company shall be providing with the training and developmental activities.
To employers
 Since the objectives are well defined and quantifiable in nature so the employees shall be
focused to achieve it. Also since it is defined by planning with the employees they shall
be highly motivated to achieve it.
 Continuous monitoring and control procedure shall be generating efficiencies and shall
be contributing to the organizational performance with the improvement in the deviations
(Khandelwal and Upadhyay, 2021).
Disadvantages:-
To employees
 Involvement of the employees in the planning process shall affect the objectives through
their personal biases.
 Also the objectives shall be impacted by the inexperience of the employees
To employers
 The control, power and the opportunities of the top level managers shall be affected and
shared among the subordinates.
2. 360 degree appraisal
The 360 degree feedback or the appraisal method is popularly used by many companies
as the practices that can efficiently manage the employee performances. This the all-round
evaluation and the development of the employees in the manner that they self-analyze and also
the people around them get to know about their competencies in the business (6 Practical
Performance Appraisal Methods for the Modern Workforce, 2021). Also it can be ascertained
that this the method where there are no biases that affects the feedback communication as it is
taken from a 360 degree and the actual point of view of the employees is disclosed. It can also be
assessed that the improvements that are made on the basis of feedback shall be motivating and
satisfying the employees such that they can contribute to the performance and develop the future
growth prospects of the business.