HRMT20024 Assessment 1 - Week 8: Management of Performance Report

This report analyzes the article "Reinventing Performance Management" by Buckingham and Goodall, published in the Harvard Business Review. The article explores strategies for rethinking peer feedback and annual reviews to improve employee performance management systems (PMS). The research involved public and internal surveys, along with analysis of previous research, to identify key factors influencing employee engagement and performance. The findings indicate that many organizations' PMSs are ineffective, with executives suggesting the need for more nimble, real-time, and individualized systems. The article emphasizes the importance of recognizing, analyzing, and enhancing employee performance through a simple and effective PMS, which focuses on future performance rather than past assessments, and avoids rating systems. The article contributes to the week's topic by highlighting the issues with traditional PMS practices and offering strategies for designing and implementing more effective systems.

HRMT20024 Assessment 1
Week 8 Management of performance
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Article Title and full reference
Reinventing Performance Management
Buckingham, M., & Goodall, A. (2015). Reinventing performance management. Harvard
Business Review, 93(4), 40-50.

Article - objective
• Objective:
• The objective of this research is to identify strategies for rethinking peer
feedback and annual review for managing employee performance.
• It wants to obtain ideas regarding how to apply these aspects to maximize
efficiency of PMS.
• Objective of this research is not only to obtain ideas for designing PMS, but to
provide strategies to apply PMS to enhance employee performance as well.

Article - method
An public survey was conducted for identifying how various organizations are applying PMSs in
their respective organizations. Executives of those organizations questioned to identify their
views on PMS and how they are applying this in their organizations. Issues were also identified
through this survey so that it is possible to design an effective PMS.
Along with this public survey, analysis of previous research works have been also considered
for analysing how employee performance needs to be enhanced in designing PMS.
To apply results of these previous research, 60 high-performing teams, which involved 1,287
were identified and a representative sample of 1,954 employees was chosen. Along with this, a
six-item survey was considered as well.

Article - findings
• According to the public survey, 58% executives who were questioned in this
survey mentioned that their PMS is not capable of ensuring employee
engagement and enhancing employee performance as well. These executives
have suggested for a PMS that is nimbler, real-time and also individualized as
well.
• According to the internal survey, it was identified that some of the important
aspects for enhancing employee performance are commitment of co-workers
to quality work, mission of company that inspires employees and opportunity
for employees to provide their best for doing their works assigned to them by
organization and this is the most important aspect for enhancing employee
performance as well.

Article - conclusion
• Conclusion:
Three of the most important aspects of a PMS is to recognize, analyse and
enhance employee performance. However, in order to ensure that these
objectives are obtained it is important to design a PMS that is simple and
effective.
In this article an different approach has been taken for designing PMS. Instead
of assessing employee performance in past, this approach considers analysing
employee performance in future to enhance employee performance. It has not
considered rating system for evaluating employee performance as according to
this research this is not an effective approach for assessing employee
performance as well.

Article – how does it contribute to this week’s topic
This article has analysed importance and issues of PMS. It has provided
description regarding why PMS in organization is not always effective and what
are some of those issues that affects quality of PMS. Along with this it has also
provided description regarding strategies for designing PMS. These strategies
according to this article will ensure that design and implementation of PMS is
effective and efficient as well. Therefore, this article has provided information
that are in accordance with topic of this week and therefore, it has contributed
to this topic as well.