Importance of Effective Performance Management at Hamleys

Developing Individuals Teams and Organizations

Contents
INTRODUCTION.....................................................................................................................................3
MAIN BODY.............................................................................................................................................3
REFERENCES..........................................................................................................................................6

INTRODUCTION
It is important for companies to assess performance of employees in an effective manner. In
order to do so there are a range of methods and approaches which are applied by companies (Kar
and Corcoran, 2017). The project is based on a company that is Hamleys. This company works at
a global level and sell toys. In the report role of performance management and different
approaches are explained.
MAIN BODY
a) Explain why effective performance management is so important to Hamleys.
Performance management- Performance monitoring is a technique for organizational
management that lets administrators track the work of staff and assess them (Chen and Liu,
2017). The aim of performance development is to establish an atmosphere where individuals can
perform most reliably and consistently to the best of its ability to deliver the top quality work. In
the context of Hamleys company, this is important to them to apply effective performance
management approaches. Below some key advantages of performance management in the
context of Hamleys are explained:
 Providing fair and inclusive job feedback to staff on a regular basis- This is one of the
key importance of performance management as it gives accurate and right feedback to
employees as per their actual outcome. As in the context of above Hamleys company, this
can be useful in order to assess real and accurate performance of their employees.