Analysis of Role of Individual Performance Objectives and Reflective Essay

Running head: KEY CONCEPT
Key concept
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Table of Contents

1KEY CONCEPT
Part A Analysis of role of individual performance objectives........................................................3
Part B Reflective essay....................................................................................................................5
References........................................................................................................................................8

2KEY CONCEPT
Part A Analysis of role of individual performance objectives
The performance management concept is a continuous process that enables identification,
measurement and development of the individual performance and at the same time, aligns their
performances with the strategic goals and objectives of the organization. To manage it
successfully, it is important to communicate with the employees and make them informed about
the individual performance objectives that are needed to be achieved. A continuous process helps
in setting up goals and objectives while the alignment with strategic goals allow for improving
the level of contribution towards the organization. Aligning with the goals and objectives would
facilitate the enhancement in operating margins and increase the level of engagement of
employees too, furthermore create better visibility, execute the strategies quickly and decrease
the turnover of employees largely (De Waal 2013).
Cost benefits analysis
The cost benefits analysis would assess whether the expenditures made on the HRM
programs could bring good return on investments or not and whether the investments had
brought improvements in the quality of human resources. The cost benefits analysis will
determine whether the decision made can bring investments on resources management or not and
ensure successful forecasting of the HRM programs too (Shields et al. 2015).
The HR training programs will set specific goals and objectives that are needed to be
achieved. By providing proper training, their skills, knowledge and experiences can improve,
which is essential for managing the workforce properly. It will also lead to improved business
performance, which can represent that the expenses made for the HR training have managed to