Managing Human Resources: Performance Management Report

This report provides a comprehensive analysis of performance management within the context of Human Resources. It begins with an introduction to the core concepts of human resource management and its significance in achieving organizational goals, particularly focusing on the role of effective performance management. The main body of the report delves into the detailed analysis of various performance management models, discussing their advantages and disadvantages, and how these models are utilized to enhance employee performance. It further identifies and explains key theories, best practices, and approaches to performance management, including goal-setting theory and expectancy theory, along with agile goal setting, continuous feedback, and social recognition. A significant portion of the report is dedicated to a case study of Tesco, examining the company's specific strategies and approaches to performance management, including its performance-based reward system, performance evaluation methods, and the implementation of different steps like planning, coaching, evaluating and rewarding. The report concludes by summarizing the key findings and insights regarding effective performance management strategies and their application within a real-world business setting. The report also includes references to the sources used.