Effective Performance Management Strategies: Driving Business Success

This report discusses performance management strategies that organizations can use to improve employee performance and overall business efficiency. It covers various appraisal methods, including general appraisal, 360-degree appraisal, technological performance appraisal, employee self-assessment, manager performance appraisal, project evaluation review, and sales performance appraisal. The report highlights reasons for undertaking these strategies, such as engaging employees, retaining talent, clarifying goals, identifying opportunities and risks, improving business performance, and enhancing staff abilities. It emphasizes the importance of creating effective performance management strategies and suggests that the project appraisal system is particularly beneficial for continuous improvement. The conclusion underscores that implementing these strategies can significantly improve both employee performance and organizational operations. Desklib provides access to similar reports and solved assignments for students.

Group project

Table of Content
 INTRODUCTION
 Performance management
 Reasons for undertaking the performance management strategies
 Creating the performance management strategies
 CONCLUSION
 REFERENCES

INTRODUCTION
The performance management for the employees can be done by the organizations for
achieving the efficiencies of the employee performance.

Performance management
 General appraisal
 360-Degree Appraisal
 Technological performance appraisal
 Employee self-assessment
 Manager performance appraisal
 Project evaluation review
 Sales performance appraisal

Reasons for undertaking the
performance management strategies
 Engaging with the employees
 Retention of talent
 Making clear goals and objectives
 Identify the opportunities
 Identifies the risk
 Improved business performance
 Improving the staff abilities

Creating the performance
management strategies
The organizations can create the various types of the strategies that can make the business
to achieve the goals and objectives more effectively and in rapid manners.

Types of performance appraisals
There are various types of performance appraisals that the organization can use for the
better performance of the employees which can help the organization in achieving
improvement in the day to day operations of the organization
 Project appraisal
 Management by objectives (MBO)

The performance systems
The best performance appraisal system can be the project appraisal system. It helps the
organizations in constantly improving the performance of the employees.

CONCLUSION
Thus, it can be concluded that the performance of the employees and the operations of the
organization can be improved with the help of various performance management strategies.

REFERENCES
 Armstrong, M., 2021. Performance management.
 Bayo-Moriones, A., Galdon-Sanchez, J.E. and Martinez-de-Morentin, S., 2020.
Performance appraisal: dimensions and determinants. The International Journal of
Human Resource Management. 31(15). pp.1984-2015.
 Bourne, M. and et.al., 2018. Performance measurement and management: a system of
systems perspective. International Journal of Production Research. 56(8). pp.2788-
2799.